Question: Problem 15-6 Calculating Bond Yield for a T-Bill [LO15-4] Sandra Waterman purchased a 52-week, $1,200 T-bill issued by the U.S. Treasury. The purchase price was

Problem 15-6 Calculating Bond Yield for a T-Bill [LO15-4] Sandra Waterman

Problem 15-6 Calculating Bond Yield for a T-Bill [LO15-4] Sandra Waterman purchased a 52-week, $1,200 T-bill issued by the U.S. Treasury. The purchase price was $1,199. (a) What is the amount of the discount? Answer is complete and correct. iscount amount (b) What is the amount Ms. Waterman will receive when the T-bill matures? Answer is complete and correct. Amount received s 1,200 (c) What is the current yield for the 52-week T-bill at the time of purchase? (Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. 0.00 096 Current ield

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