Tom purchased a -month treasury bill with a face value of, Microeconomics

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Tom purchased a -month treasury bill with a face value of

Problem

Tom purchased a -month treasury bill with a face value of $1,000 at a discount price of $750. If the treasury bill has 35 days remaining to maturity and using a trading year of 360 days calculate the coupon yield.

Calculate the yield on the treasury bill, the return on it.

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Microeconomics: Tom purchased a -month treasury bill with a face value of

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Microeconomics: Tom purchased a -month treasury bill with a face value of

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