1. U.S. Treasury Bill Auction Rates-March 2009. The interest yields on U.S. Treasury securities in early 2009 fell to very low levels as a result of the combined events surrounding the global financial crisis. Calculate the simple and annualized yields for the 3-month and 6-month Treasury bills auctioned on March 9, 2009, listed here. 3-Month T-Bill Treasury bill, face value Price at sale Discount $10,000.00 $9,993.93 $6.07 6-Month T-Bill $10,000.00 $9,976.74 $23.26
1. U.S. Treasury Bill Auction Rates-March 2009. The interest yields on U.S. Treasury securities in early 2009 fell to very low levels as a result of the combined events surrounding the global financial crisis. Calculate the simple and annualized yields for the 3-month and 6-month Treasury bills auctioned on March 9, 2009, listed here. 3-Month T-Bill Treasury bill, face value Price at sale Discount $10,000.00 $9,993.93 $6.07 6-Month T-Bill $10,000.00 $9,976.74 $23.26
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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![1. U.S. Treasury Bill Auction Rates-March 2009. The interest yields on U.S. Treasury securities in early 2009 fell to very low
levels as a result of the combined events surrounding the global financial crisis. Calculate the simple and annualized yields for the
3-month and 6-month Treasury bills auctioned on March 9, 2009, listed here.
Treasury bill, face value
Price at sale
Discount
3-Month T-Bill
$10,000.00
$9,993.93
$6.07
6-Month T-Bill
$10,000.00
$9,976.74
$23.26](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1ece6948-a6ed-4917-9cc1-92918a1ca1a3%2F78e6e806-9dff-4558-9e9d-294fe286a11d%2Fwtt9ocf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1. U.S. Treasury Bill Auction Rates-March 2009. The interest yields on U.S. Treasury securities in early 2009 fell to very low
levels as a result of the combined events surrounding the global financial crisis. Calculate the simple and annualized yields for the
3-month and 6-month Treasury bills auctioned on March 9, 2009, listed here.
Treasury bill, face value
Price at sale
Discount
3-Month T-Bill
$10,000.00
$9,993.93
$6.07
6-Month T-Bill
$10,000.00
$9,976.74
$23.26
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