If a six-month Treasury bill is purchased for $0.9675 on a dollar (i.e., $96,750 for a $100,000 bill), what is the discount yield, the annual rate of interest, the compound rate? What are the yields if the price falls to $0.94 on a dollar? Show all work.a. Discount Yield = b. Annual Rate = c. Annual Compound Rate =d. Discount Yield @ 0.94 =e. Annual Yield @ 0.94 = f. Compound @ 0.94 =
This question was answered on: May 23, 2022
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