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Calculate discount yield on treasury bill

You would like to purchase a Treasury bill that has a $10,000 face value and is 68 days from maturity. The current price of the Treasury bill is $9,875. Calculate the discount yield on this Treasury bill. (Use 360 days in a year. Do not round intermediate calculations.

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Finance Basics: Calculate discount yield on treasury bill

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Calculate discount yield on treasury bill

Reference No:- TGS0675636

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : First loan payment

Q : Determining the amount realized for an investor

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Q : Calculate discount yield on treasury bill

Q : How can she be sure that the payments received

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Calculate discount yield on treasury bill

Reference No:- TGS0675636

Recent Questions Asked Finance Basics

Q : First loan payment

Q : Determining the amount realized for an investor

Q : Find the rate of return on the stock after one year

Q : Prepare the journal entries to record the pension

Q : Calculate discount yield on treasury bill

Q : How can she be sure that the payments received

Q : Problem related to hands of a clock

Q : Determining the present value of liability

Q : Explain if firms earnings per share grew

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