compe со yield u Treasu SL а. 2.94 b. 2.90

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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Suppose a 90 day zero coupon bond has a
yield of 3% per annum with effective annual
compounding. Find the quoted discount
yield using the market convention for US
Treasury bills.
a. 2.94%
b. 2.90%
C. 2.95%
d. None of the above
Transcribed Image Text:Suppose a 90 day zero coupon bond has a yield of 3% per annum with effective annual compounding. Find the quoted discount yield using the market convention for US Treasury bills. a. 2.94% b. 2.90% C. 2.95% d. None of the above
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