Question 15, 8.2.5 = Homework: Homework 3 Part 2 of 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.)
Question 15, 8.2.5 = Homework: Homework 3 Part 2 of 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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Question 15, 8.2.5
= Homework: Homework 3
Part 2 of 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.)
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