The yield on a discount basis of a 90-day, 1,000, 000 Treasury bill selling for 950, 000 is?

2.A 90 days Certificate of Deposit for P500 000 at 6 per cent matures in 83 days. It is currently trading at P490 000. Rate of return of this CD current offering is?

3.A 3 month Treasury bill is issued at 98% of its par value. It will be redeemed at its par value (100 %) 90 days after issue. It is traded on an add-on basis. The yield of the security is?

Answer rating: 100% (QA)

To calculate the yield on a discount basis you need to use the formula Yield Face Value Purcha... View the full answer