Calculate discount yield on this t-bill

Assignment Help Financial Management

Reference no: EM131844015

You would like to purchase a T-bill that has a $17,000 face value and is 64 days from maturity. The current price of the T-bill is $16,875. Calculate the discount yield on this T-bill. (Use 360 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))

Reference no: EM131844015

Questions Cloud

A rich relative has bequeathed you growing perpetuity : A rich relative has bequeathed you a growing perpetuity. What is the value of the bequest immediately after the first payment is? made?

Calculate the annual effective interest rate : The first payment is 200 and then they payments increase by 50 each year. Calculate the annual effective interest rate.

Calculate the true promised payments under this contract : Calculate the true promised payments under this contract, including the deferred payments with interest.

How much will you accumulate at retirement : How much will you accumulate at retirement after 48 years of investing?

Calculate discount yield on this t-bill : Calculate the discount yield on this T-bill.

Investor who is not holding well diversified portfolio : which of the following investments is clearly preferred to the others for an investor who is not holding a well diversified portfolio?

Calculate the accumulated value in the account : Calculate the accumulated value in the account just after the last(48th) monthly deposit, the annual nominal interest rate is 3.5%, convertible monthly.

Life insurance death benefit in annual payments : Danielle is told she can receive 250000 life insurance death benefit in annual payments of 25000 starting today for 11 years total. Calculate balloon payment.

Amount he needs to write check for to pay off the loan : Calculate the amount he needs to write a check for to pay off the loan. The annual nominal interest rate is 3.6%, convertible monthly.

User Account

All Pages