Question: Please show complete work. Thank you. A T-bill quote sheet has 90-day T-bill quotes with a 5.22 ask and a 5.07 bid. If the bill
Please show complete work. Thank you.
A T-bill quote sheet has 90-day T-bill quotes with a 5.22 ask and a 5.07 bid. If the bill has a $10,000 face value, an investor could sell this bill for An investor buys a T-bill at a bank discount quote of 5.184 with 200 days to maturity for $9712. The bill has a face value of $10,000. The investor's bond equivalent yield on this investment is
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