Calculate the BEY for each of the following two 270-day securities. Instrument T: Quoted on...
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Finance
Calculate the BEY for each of the following two 270-day securities.
Instrument T: Quoted on 365 days at a rate of 4.1%
Instrument U: using an add on rate of 360 days at 3.3%
Calculate the bonds equivalent yield of each and compare the two results.
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