A Treasury bill with 109 days to maturity is quoted at 97.630. What are the bank discount yield, the bond equivalent yield, and the effective annual return? Note: Do not round intermediate calculations. Enter your answers as a perce rounded to 3 decimal places. > Answer is complete but not entirely correct. Bank discount yield 7.936 %

A Treasury bill with 109 days to maturity is quoted at 97.630. What are the bank discount yield, the bond equivalent yield, and the effective annual return? Note: Do not round intermediate calculations. Enter your answers as a perce rounded to 3 decimal places. > Answer is complete but not entirely correct. Bank discount yield 7.936 %

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter7: Types And Costs Of Financial Capital

Section: Chapter Questions

Problem 2EP

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