Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you can purchase a t-bill that is 70 days from mat

You can purchase a T-bill that is 70 days from maturity for $17,465. The T-bill...

80.2K

Verified Solution

Question

Finance

You can purchase a T-bill that is 70 days from maturity for $17,465. The T-bill has a face value of $17,500.

a.

Calculate the T-bills quoted yield. (Use 360 days in a year. Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161))

T-bills quoted yield %

b.

Calculate the T-bills bond equivalent yield. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161))

T-bills bond equivalent yield %

c.

Calculate the T-bills EAR. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161))

T-bills EAR %

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

Medical Sciences
1.2K views

When LH levels increase in a female (select ALL appropriate), Group of answer choices a)A corpus luteum is...

Chemistry
1.2K views

During reflux, you oxidized ethanol to acetic acid, using postassium dichromate. A) How many grams of ethanol...

Physics
1.2K views

You drop a package from a plane flying at constant speed in a straight line. Without...

Mechanical Engineering
1.2K views

How could we measure linear position, and angular position. Identify an appropiate sensor to connect to the...

Biology
1.2K views

Because all plants have a diploid adult plant that morphologically looks identical to the adult...

Basic Math
1.2K views

Ralph and Alphonse are shooting marbles. Ralph has five more marbles than Alphonse, and theyhave...

Basic Math
1.2K views

Find the domain of the function.f(x) = 10 / x-8What is the domain of f?A....

Calculus
1.2K views

Consider a circle with radius 20 that is centered at the origin Find the exact...

Accounting
1.2K views

Exercise 3-2(Algo) Prepare T-Accounts [LO3-2, LO3-4] Jurvin Enterprises is a manufacturing...

Accounting
1.2K views

Phil Coulson purchased a hotel building on October 11, 2022, for $3,000,000. Determine the cost...

Accounting
1.2K views

P12.3 (LO 1, 2, 5) (Accounting for Franchise, Patents, and Trademark) Information concerning Sandro Corporation's...

Accounting
1.2K views

Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell...