KF2. Ned used $98,303.259 to purchase a 180-day $100,000 bank bill on 1 May 2022. He sold this bank bill on 21 August 2022 at a yield rate of 4.77% p.a. (simple interest rate). 3. Calculate Ned’s holding period yield (expressed as a percentage and rounded to two decimal places). Select the correct answer. a. 2.48% b. 2.61% c. 2.95% d. None of above option is correct. 4. Find Ned’s capital gain/loss component of the dollar return on his investment (rounded to two decimal places). The “dollar return on the investment” means the difference between the sale price and the purchase price. Select the correct answer. a. 194.78 b. -233.00 c. -421.89 d. None of above option is correct
KF2.
Ned used $98,303.259 to purchase a 180-day $100,000 bank bill on 1 May 2022. He sold this bank bill on 21 August 2022 at a yield rate of 4.77% p.a. (simple interest rate).
3.
Calculate Ned’s holding period yield (expressed as a percentage and rounded to two decimal places). Select the correct answer.
a. 2.48%
b. 2.61%
c. 2.95%
d. None of above option is correct.
4.
Find Ned’s
a. 194.78
b. -233.00
c. -421.89
d. None of above option is correct
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