The company plans to invest its surplus funds in Treasury Bills for a short period of time.
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Question:
The company plans to invest its surplus funds in Treasury Bills for a short period of time. You are asked to determine the yield the company will receive if it buys a six-month (182 days) gilt on the secondary market priced at £98.8 per £100 face value. Use the actual/365-day count convention.
Please enter your answer as a number with 4 decimals.
Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
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