What is the compound yield on a Treasury bill that costs $98,830 and will be redeemed for $100,000 after 60 days? Assume 365 days in a year. Round your answer to one decimal place. % How much additional return would you have to earn if you had bought $100,000 worth of 60-day commercial paper for $98,5587 Assume 365 days in a year. Round your answer to one decimal place.
What is the compound yield on a Treasury bill that costs $98,830 and will be redeemed for $100,000 after 60 days? Assume 365 days in a year. Round your answer to one decimal place. % How much additional return would you have to earn if you had bought $100,000 worth of 60-day commercial paper for $98,5587 Assume 365 days in a year. Round your answer to one decimal place.
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
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Transcribed Image Text:What is the compound yield on a Treasury bill that costs $98,830 and will be redeemed for $100,000 after 60 days? Assume 365 days in a year. Round your
answer to one decimal place.
%
How much additional return would you have to earn if you had bought $100,000 worth of 60-day commercial paper for $98,5587 Assume 365 days in a year.
Round your answer to one decimal place.
%
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