Calculate the bank discount rate of return


Calculate the bank discount rate of return (DR) and the YTM-equivalent return for the following money market instruments: Purchase price, $96; par value, $100; maturity, 90 days.

Purchase price, $97.50; par value, $100; maturity, 270 days.

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Finance Basics: Calculate the bank discount rate of return
Reference No:- TGS049823

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