Sager inc just purchased a 91-day 1 million t-bill that was, Ask an Expert

Management Studies

Sager Inc. just purchased a 91-day, $1 million T-bill that was selling at a discount of 3.1 percent. Assume a 360-day year.

Calculate the dollar discount. Round your answer to the nearest cent.

$______

Calculate the purchase price on this T-bill. Round your answer to the nearest cent.

$_____

Find the money market yield (MMY) on this T-bill. Round your answer to three decimal places.

____%

Find the bond equivalent yield (BEY) on this T-bill. Round your answer to three decimal places.

_____%

Rework the dollar discount from part (a) assuming the T-bill was selling at a 2.0% discount. Round your answer to the nearest cent.

$_____

Rework the purchase price from part (a) assuming the T-bill was selling at a 2.0% discount. Round your answer to the nearest cent.

$_______

Rework the money market yield (MMY) from part (b) assuming the T-bill was selling at a 2.0% discount. Round your answer to three decimal places.

______%

Rework the bond equivalent yield (BEY) from part (c) assuming the T-bill was selling at a 2.0% discount. Round your answer to three decimal places.

_________%

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91881231

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