Problem 9-24 Treasury Bills(L01, CFA2) A Treasury bill that settles on May 18, 2016, pays...
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Problem 9-24 Treasury Bills(L01, CFA2) A Treasury bill that settles on May 18, 2016, pays $100,000 on August 21, 2016. Assuming a discount rate of 4.01 percent, places. Enter your yield answer as a percent rounded to 3 decimal places.) ice and bond equivalent yield? Use Excel to answer this question. (Round your price answer to 2 decimal Answer is complete but not entirely correct. 98,970.70 Bond equivalent yield 4.026) %
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