Problem 9-11 Treasury Bills (LO1, CFA2) A Treasury bill with 109 days to maturity is quoted at 97630. What are the bank discount yield, the bond equivalent yield, and the effective annual return? (Do not round intermediate calculations. Enter your answers es a percent rounded to 3 decimal places.) Bank discount yield Bond equivalent yield Effective annual return

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
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Problem 9-11 Treasury Bills (L01, CFA2)
A Treasury bill with 109 days to maturity is quoted at 97.630. What are the bank discount yield, the bond equivalent yield, and the
effective annual return? (Do not round intermediate calculations. Enter your answers as a percent rounded to 3 decimel places.)
Bank discount yield
Bond equivalent yield
Effective annual return
Transcribed Image Text:Problem 9-11 Treasury Bills (L01, CFA2) A Treasury bill with 109 days to maturity is quoted at 97.630. What are the bank discount yield, the bond equivalent yield, and the effective annual return? (Do not round intermediate calculations. Enter your answers as a percent rounded to 3 decimel places.) Bank discount yield Bond equivalent yield Effective annual return
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