What is the discount yield, bond equivalent yield, and effective annual return on a $1 million Treasury bill that currently sells at 93 percent of its face value and is 70 days from maturity? (Use 360 days for discount yield and 365 days in a year for bond equiv yield and effective annual return. Do not round intermediate calculations. Round your percentage answers to 3 decimal plac (e.g., 32.161)) Discount yield Bond equivalent yield Effective annual return % % %

What is the discount yield, bond equivalent yield, and effective annual return on a $1 million Treasury bill that currently sells at 93 percent of its face value and is 70 days from maturity? (Use 360 days for discount yield and 365 days in a year for bond equiv yield and effective annual return. Do not round intermediate calculations. Round your percentage answers to 3 decimal plac (e.g., 32.161)) Discount yield Bond equivalent yield Effective annual return % % %

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter7: Types And Costs Of Financial Capital

Section: Chapter Questions

Problem 2EP

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