The yield on a pure-discount instrument maturing in 200 days is equal to 6.5% per year, compounded

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The yield on a pure-discount instrument maturing in 200 days is equal to 6.5% per year, compounded annually. What would the yield on this instrument be equal to if it were quoted using the ACT/360 day-count convention?

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Multinational financial management

ISBN: 978-1118572382

10th edition

Authors: Alan c. Shapiro

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Posted Date: Mar 14, 2024 07:40 AM

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The yield on a pure-discount instrument maturing in 200 days is equal to 6.5% per year, compounded

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Multinational financial management

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