you just purchased a T-bill with a face value of $500,000, you paid $495,000 and there are

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you just purchased a T-bill with a face value of $500,000, you paid $495,000 and there are 91 days to maturity.

(a) what was the bond equivalent yield (BEY)?

(b) what is the effective annual yield (EAY) on your T-bill?

Related Book For answer-question

Fundamentals Of Corporate Finance

ISBN: 9780135811603

5th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Posted Date: Jul 25, 2023 07:23 AM

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you just purchased a T-bill with a face value of $500,000, you paid $495,000 and there are

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Fundamentals Of Corporate Finance

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