100 face value. What is the yield to maturity of this bond, expressed as an EAR? wwwww The three-month yield to maturity is %. (Round to six decimal places.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 22P
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In the Global Financial Crisis box in Section 6.2, Bloomberg.com reported that the three-month Treasury bill sold for a price of $100.002556 per
$100 face value. What is the yield to maturity of this bond, expressed as an EAR?
www
The three-month yield to maturity is %. (Round to six decimal places.)
Transcribed Image Text:K In the Global Financial Crisis box in Section 6.2, Bloomberg.com reported that the three-month Treasury bill sold for a price of $100.002556 per $100 face value. What is the yield to maturity of this bond, expressed as an EAR? www The three-month yield to maturity is %. (Round to six decimal places.)
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