Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a broker is selling a $10,000 t-bill with 90 days

A broker is selling a $10,000 T-bill with 90 days to maturity at a bank...

90.2K

Verified Solution

Question

Finance

A broker is selling a $10,000 T-bill with 90 days to maturity at a bank discount rate of 0.40%. Calculate its equivalent annual yield (rEAY). Round your answer to the nearest 1/10000 of a percent (4 digits to the right of the decimal point).

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

There are three ways that radiating light can interact with matter. (a)List those  processes and Illustrate each processes using simple two level system. (b) which  one is the basis of lasing? (c) In that (lasing) process, explain why emitted photon  has the same phase, polarization and direction as the exciting photon.

Economics
1.2K views

What type of market is the ‘Superstar’ market referred to by Alan Krueger ? Briefly justify...

Advance Math
1.2K views

y''-y'-2y=0 y(0)=0 y'(0)=2 laplace dönü?ümü kullanarak de?er problemini çözünüz

Biology
1.2K views

Which combining form means cartilage A Osse o OB Myel o C Chondr o OD...

Geometry
1.2K views

K For the given equation and graph of the quadratic function do each of the...

Basic Math
1.2K views

Using synthetic division, what is the quotient and the reminder for(3x3 + 7x - 8x...

Basic Math
1.2K views

Given the points (7,3) and (k, -7), for which values of k would the distance...

Accounting
1.2K views

The Marine Division of Pacific Corp. has average invested assets of $110,000,000. Sales revenue of...

Accounting
1.2K views

TRUE OR FALSE 1. Fixed assets are long term (one year or greater life...

Finance
1.2K views

I need help with these problems ...

Finance
1.2K views

Gelb Company currently manufactures 49,500 units per year of a key component for its manufacturing...

Finance
1.2K views

For an odd number of observations, the median is the mean of the two middle...