Problem 31-30 Money-market yields In January 2020, three-month (91-day) Treasury bills were selling at a discountof 1.44%. What was the annual yield? Assume 365 days in a year. Note: Do not round intermediate calculations. Enteryour answer as a percent rounded to 2 decimal places.

Annual yield refers to the annual return expected by an investor for the investment, over the year.

Answered: Problem 31-30 Money-market yields In…

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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Chegg Home Expert Q&A My solutions Guide Me Notifications 8 Che Student question Time Left: 00:09:01 St Problem 31-30 Money-market yields In January 2020, three-month (91-day) Treasury bills were selling at a discount of 1.58%. What was the annual yield? Assume 365 days in a year. Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Answer is complete but not entirely correct. Annual yield 6.44 % Show Transcribed Text

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Problem 31-30 Money-market yields In January 2020, three-month (91-day) Treasury bills were selling at a discount of 1.44%. What was the annual yield? Assume 365 days in a year. Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.