QUESTION THREE A K100, 000 Treasury bill currently sells at 95% of its face value and is 65 days from maturity. Calculate the following for the Treasury bill: the discount yield. the investment yield.
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QUESTION THREE
A K100, 000 Treasury bill currently sells at 95% of its face value and is 65 days from maturity. Calculate the following for the Treasury bill:
- the discount yield.
- the investment yield.
Step by step
Solved in 2 steps
- QUESTION 3 What is the price of a Treasury bill with 143 days until maturity that is selling for discount yield of 1.26%? State your answer relative to a face value of $1,000.Quèstion 9 What is the price of a $1,000,000 T-bill that has a discount yield of 4.979% and is 87 days from maturity? (round your answer to 2 decimalQuestion 33 The asked yield for a $10,000 face amount Treasury bill 36 days from maturity is quoted as 032%. What will you pay to buy the bill now? 9,999.60 O 9,998.50 9,999.10 O 9,999.68
- Question 3 A T-bill that matures in 120 days has a discount rate (yield) of 7%. If the bill has a $1000 face value, the price of this bill is O $1000 O$987.8 O $1001.2 $976.67If a $10,000 par T-Bill has a 3.75% discount quote and a 90-day maturity, what is the price of the T-Bill to the nearest dollar? A. $9,908 B. $9,625 C. $9,627 D. $9,906Assume that interest rate on a 182-day, $1 million face value T-Bill is currently selling at a discount rate of 3.25%. What will be the price of the T-Bill? What is the return on the T-Bill if the investor purchases at the above price and holds until maturity 8.91% 0.45% 6.46% 5.78% 4.68% 3.44% 7.88% 1.67% 1
- With a 10 percent interest rate on dollar deposits, a 7 percent interest rate on euro deposits, and an expected dollar appreciation of 7 percent over the coming year, the expected return on dollar deposits in terms of the dollar is ___________ % Question 18 options:QUESTION 3 A 180-day $500,000 banker's acceptance (BA) is currently trading at a discount of 3.75%. You purchase the BA today and sell it 90 days later when the three-month yield is 4.10%. What is your rate of return? Use 360-day to annualize. The following is true, except The price of the BA today is $490,625 The price of the BA 90 days from today is $494,875 Your rate of return is -3.46% Your rate of return is 3.46% QUESTION 4 The following Is true for standby letters of credit (SBLCs), except: The bank receives an annual fee for using a SBLC for the life of the bond issue The fee for SLBCs for municipal bonds depends on…What is the annualized yield (rounded to three decimal places) on a seven-month U.S. Treasury bill that has a discount yield of 3.95 %? a. 4.042% b. 3.806% c. 3.950% d. 4.099%
- Question 18 Not yet answered A company wants to invest some surplus short-term funds and plans to buy a 90- day bank bill with a face value of $100, 000. What is the yield on the bill if the price on the bill is currently $98, 566? (Assume there are 365 days in a year) % Please round your answer to two decimal places.Problem 6-30 Yield Curve (LO4) The following table shows the prices of a sample of Treasury strips. Each strip makes a single payment at maturity. Years to Maturity Price, (% of face value) 1 98.652 % 2 95.151 3 91.344 4 87.280 d. What is the 4-year interest rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) e. Is the yield curve upward-sloping, downward-sloping, or flat? f. Is this the usual shape of the yield curve?You would like to purchase a Treasury bill that has a $16,500 face value and is 62 days from maturity. The current price of the Treasury bill is $16,375. Calculate the discount yield on this Treasury bill. (Use 360 days in a year. Do not round intermediate calculations. Round your percentage answer to 2 decimal places. (e.g., 32.16)) 15 Discount yield % 02:00:54