Corporate Finance, BOOK: Principles of Corporate Finance,Richard Brealey 12
A six-month Treasury bill and a nine-month bill both sell at adiscount of 12%.
a-1. Calculate the annual yield of thesix-month Treasury bill. (Do not round intermediatecalculations. Enter your answer as a percent rounded to 2 decimalplaces.)
Annual yield = %
a-2. Calculate the annual yield of thenine-month Treasury bill. (Do not round intermediatecalculations. Enter your answer as a percent rounded to 2 decimalplaces.)
Annual yield = %
