Question: Problem 15-6 Calculating Bond Yield for a T-Bill [LO15-4) Sandra Waterman purchased a 52-week, $2,200 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, $2,200 T-bill issued by the U.S. Treasury. The purchase price was $2,194. (a) What is the amount of the discount? Discount amount (b) What is the amount Ms. Waterman will receive when the T-bill matures? Amount received (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.) Current yield

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