What are the price and bond equivalent yield

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Reference no: EM131933573

A Treasury bill that settles on May 18, 2016, pays $100,000 on August 21, 2016. Assuming a discount rate of 1.69 percent, what are the price and bond equivalent yield? Use Excel to answer this question. (Round your price answer to 2 decimal places. Enter your yield answer as a percent rounded to 3 decimal places.)

Price_________

Bond equivalent yield_______%

Reference no: EM131933573

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