A treasury bill purchased in december 2015 has 140 days, Ask an Expert

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A Treasury bill purchased in December 2015 has 140 days until maturity and a bank discount yield of 1.87 percent. Assume a $100 face value. a. What is the price of the bill as a percentage of face value? (Do not round intermediate calculations. Enter your answer as a percent rounded to 3 decimal places. Omit the "%" sign in your response.) Price % b. What is the bond equivalent yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.) Bond equivalent yield %

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Financial Management, Finance

Category:- Financial Management
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