Question: Show your work to get points. The assignment is to be turned in class. Question 2 A) If you want to earn an annualized discount
Show your work to get points. The assignment is to be turned in class.
Question 2
A) If you want to earn an annualized discount yield of 3.5%, what is the most you can pay for a 91- day Treasury bill that pays $15,000 at maturity?
B) The price of $8,000 face value commercial paper is $7,930. If the annualized discount yield is 4%, when will the paper mature? If the annualized bond equivalent yield % is 5%, find the commercial papers maturity
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