A T-bill with face value $10,000 and 77 days to maturity is selling at a bank discount ask yield of 2.4%.
a. What is the price of the bill? (Use 360 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)
b. What is its bond equivalent yield? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.) Bond equivalent yield %
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A T-bill with face value $10,000 and 77 days to maturity is selling at a bank discount ask yield of 2.4%. a. What is the price of the bill? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Firm A and Firm B have the same total assets, ROA and profit margin. However, Frim B has a higher debt ratio and interest expense then Firm A. Which of the following statements is correct? A.) Firm B must have a higher ROE than first A. B.
Answers (1)
Dove Corp. began operating a hardware store in the current year after constructing a building at a total cost of $100,000 on land previously acquired for $50,000. In the current year, the land had a fair market value of $60,000.
Answers (1)
A seasonal index for a monthly series is about to be calculated on the basis of three years' accumulation of data. The three previous July values were 110, 150, and 130. The average over all months is 190.
Answers (1)
The estimated cost of completing a full year as a full-time student at a post- secondary institution is called: O A. full tuition O B. the PELL Scholarship. O c. financial aid package. 0 D. cost of attendance.
Answers (1)
Thyme Co. has office furniture that cost $53,400. Thyme's managers can either sell the office furniture in its current state for its book value for $13,800.
Answers (1)
New Questions in Business
Gates Corporation reported the following information concerning its direct materials: Direct materials purchased (actual) $ 673,000 Standard cost of materials purchased $ 688,000 Standard price times actual amount of materials used $ 444,000 Actual
Answers (1)
how fiscal policy can be used to slow down an economy that is growing at a rate faster than what is sustainable in the long-term if the policy makers are concerned that such a high growth may create undesirably high rates of inflation in the future.
Answers (1)
The owner of a restaurant has recently hired a new manager who claims to have improved the workflow. the owner wants to know if indeed, the new workflow is more effective. he has some past data on customer waiting time during peak demand hours.
Answers (1)
jalbert incorporated planned to use materials of $11 per unit but actually used materials of $13 per unit, and planned to make 1590 units but actually made 1780 units. the flexible budget variance for materials is?
Answers (1)
If a location offers incentives for moving in, it may be a sign of
Answers (1)