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what is the bond equilavent yield on a 90-day treasury bill that has a bank discount yield of 2.07 percent?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 5Q: What do you have to do to the interest rate and years of maturity if a bond pricing problem tells...

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Concept explainers

Treasury Market

On-the-run securities are the most recently issued securities in the market depth and are therefore traded at some premium. The off-the-run securities are the ones issued just before the most recent ones. The on-the-run securities have a lower yield to the investor than the off-the-run securities.

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Subject:- finance

what is the bond equilavent yield on a 90-day treasury bill that has a bank discount yield of 2.07 percent?

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