94.9k views
0 votes
U.S. Treasury bills are available for purchase this week at the following prices (based upon $100 par value) and with the indicated maturities:

a. $97.25, 182 days
b. $95.75, 270 days
c. $98.75, 91 days
Calculate the bank discount rate (DR) on each bill if it is held to maturity. What is the equivalent yield to maturity (sometimes called the bond-equivalent or coupon-equivalent yield) on each of these Treasury bills?

1 Answer

3 votes
B I think .. sorry if wrong
User Andrea Richiardi
by
3.5k points