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Corporate Finance, BOOK: Principles of Corporate Finance, Richard Brealey 12 A six-month Treasury bill and a nine-month...

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Accounting

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 = %

Answer & Explanation Solved by verified expert
3.9 Ratings (805 Votes)
Annual Yield 6 Months Treasury Bill Assume Face value of Treasury Bill 100 Sell T Bill at Discount 12 Discounted Bill 10012    See Answer
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