A recent listing for a treasury bill in the wall street, Ask an Expert

Finance

A recent listing for a treasury bill in the wall street journal gave an asked discount yield of 0.85%. Its maturity was 62 days.

a. What is the T- bill's coupon (bond) equivalent yield?

b. What price would you pay for this T- bill?

c. What is the effective annual yield for the t-bill

d. If the bid discount yield was 1 %, what was the dealer's spread on the bill?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92670223

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