Calculate the bank discount rate for each security

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Reference no: EM132712228

Problem - In early July 2019, the U.S. Treasury issued three T-Bills, and they had issued a one-year T-Bill on June 20, 2019:

 

4-Week

13-Week

26-Week

52-Week

Issue Date

7/9/2019

7/5/2019

7/5/2019

6/20/2016

Maturity Date

8/6/2019

10/3/2019

1/2/2020

6/18/2020

Face Value per $100

100

100

100

100

Price per $100

99.828111

99.463750

98.796778

97.992944

Required -

a. Calculate the bank discount rate for each security using the formula given in the chapter and using the Disc function.

b. Calculate the bond equivalent yield for each security using the formula given in the chapter and using the YieldDisc function.

c. Find the most recent T-Bill auction results from: You will need to click the CUSIP numbers to get the auction prices. Repeat parts a and b.

Reference no: EM132712228

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