What is the yield of a $100 90-day zero that sells at 8 percent discount? (In...
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What is the yield of a $100 90-day zero that sells at 8 percent discount? (In other words, you must convert from a discount quote to an equivalent yield quote). What is the yield of a $100 90-day zero that sells at 8 percent discount? (In other words, you must convert from a discount quote to an equivalent yield quote).
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To convert from a discount quote to an equivalent yield quote we can use the fo... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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