In the Global Financial Crisis box in Section 6.1, www.Bloomberg.com reported that the three-month Treasury bill sold for a price of $100.002833 per $100 face value. What is the yield to maturity of this bond, expressed as an EAR? The effective annual rate is ___________%. (Round to five decimal places. A negative yield should be entered as a negative number.)
In the Global Financial Crisis box in Section 6.1, www.Bloomberg.com reported that the three-month Treasury bill sold for a price of $100.002833 per $100 face value. What is the yield to maturity of this bond, expressed as an EAR? The effective annual rate is ___________%. (Round to five decimal places. A negative yield should be entered as a negative number.)
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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In the Global Financial Crisis box in Section 6.1, www.Bloomberg.com reported that the three-month Treasury bill sold for a price of
$100.002833
per
$100
face value. What is the yield to maturity of this bond, expressed as an EAR?The effective annual rate is
___________%.
(Round to five decimal places. A negative yield should be entered as a negative number.)Expert Solution
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