You buy a 1 million face value 180 day t-bill at a discount, Ask an Expert

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You buy a $1 million face value 180 day t-bill at a discount yield of 6 percent. What is the price of the bill?, What is the simple interest yield on the bill?, Suppose you sold the bill after 30 days at a price of $977,000 what is your holding period?, What is your profit or loss if you financed the bill with a 30 day term repo at repo rate of 5.5%? assume the bill will be sold at the end of the day at discount yield of 5.52%.

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Financial Management, Finance

Category:- Financial Management
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