Problemyou would like to purchase a t-bill that has a 16500, Ask an Expert

Accounting

Problem:

You would like to purchase a T-bill that has a $16,500 face value and is 62 days from maturity. The current price of the T-bill is $16,375.

Required:

Question: Calculate the discount yield on this T-bill.

Note: Please show how you came up with the solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91164800

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