You look in the newspaper and see the following quote for a Treasury Bill: Bid=0.195 and Asked=0.210.
Fantastic news! We've Found the answer you've been seeking!
Question:
You look in the newspaper and see the following quote for a Treasury Bill:
Bid=0.195 and Asked=0.210.
You can sell the Treasury Bill for $9,997.08. What is the asked yield (i.e. the bond equivalent yield using the asked)? Enter your answer as a percentage and to 4 decimal places (e.g. write 4.25 if the answer is four and a quarter percent).
Related Book For
Essentials of Investments
ISBN: 978-0077835422
10th edition
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
Posted Date: