E Homework: Homework 3 An investor purchased a 182-day, $10,000.00 T-bill on its issue date for $9855.35. After holding it for 48 days, she sold the T-bill for a yield of 2.81%. a) What was the original yield of the T-bill? b) For what price was the T-bill sold? c) What rate of return (per annum) did the investor realize while holding this T-bill? a) The original yield of the T-bill was 2.94 %. Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) b) The T-bill sold for $ Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
E Homework: Homework 3 An investor purchased a 182-day, $10,000.00 T-bill on its issue date for $9855.35. After holding it for 48 days, she sold the T-bill for a yield of 2.81%. a) What was the original yield of the T-bill? b) For what price was the T-bill sold? c) What rate of return (per annum) did the investor realize while holding this T-bill? a) The original yield of the T-bill was 2.94 %. Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) b) The T-bill sold for $ Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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
Problem 1PS
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