You would like to purchase a t- bill that has a 10000 face


You would like to purchase a T- bill that has a $ 10,000 face value and 270 days to maturity. The current price of the T- bill is $ 9,860. What is the discount rate on this security? What is its bond equivalent yield?

Solution Preview :

Prepared by a verified Expert
Financial Management: You would like to purchase a t- bill that has a 10000 face
Reference No:- TGS01180412

Now Priced at $10 (50% Discount)

Recommended (90%)

Rated (4.3/5)