A Treasury bill that settles on May 18, 2022, pays $100,000 on August 21, 2022. Assuming a discount rate of 3.87 percent, what are the price and bond equivalent yield? Use Excel to answer this question. Note: Round your price answer to 2 decimal places. Enter your yield answer as a percent rounded to 3 decimal places.
A Treasury bill that settles on May 18, 2022, pays $100,000 on August 21, 2022. Assuming a discount rate of 3.87 percent, what are the price and bond equivalent yield? Use Excel to answer this question. Note: Round your price answer to 2 decimal places. Enter your yield answer as a percent rounded to 3 decimal places.
Chapter21: International Cash Management
Section: Chapter Questions
Problem 1IEE
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A Treasury bill that settles on May 18, 2022, pays $100,000 on August 21, 2022. Assuming a discount rate of 3.87 percent, what are the price and bond equivalent yield? Use Excel to answer this question.
Note: Round your price answer to 2 decimal places. Enter your yield answer as a percent rounded to 3 decimal places.
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