A treasury security with 194 days to maturity has a current


A Treasury security with 194 days to maturity has a current price of $987. (Not a realistic price in the current world.) The security matures at $1,000. Based on this information, answer the following question.

(a) What would be the simple interest on this security?

(b) The bank discount yield?

(c) The money market 360-day rate?

(d) The bond equivalent yield?

(e) The APY?

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Financial Management: A treasury security with 194 days to maturity has a current
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