What is the discount yield on the stated treasury bill

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1) A short-term debt security with a face value of $38,316 and 55 days to maturity has a discount yield of 4.25 percent. How much would the security sell for today?

Answer should be formatted as a number with 2 decimal places (e.g. 99.99).

2) A local bank offers a CD with and APR of 8.44 percent that compounds monthly. What is the effective annual rate on the CD?

Answer should be formatted as a percent with 2 decimal places (e.g. 99.99).

3) A local bank CD pays a monthly rate of 0.729 percent compounded monthly. What is the state APR?

Answer should be formatted as a percent with 2 decimal places (e.g. 99.99).

4) A treasury bill with a face value of 1,000,000 is has 105 days to maturity and is currently selling for $960,196.72. What is the discount yield on the stated treasury bill?

Answer should be formatted as a percent with 2 decimal places (e.g. 99.99).

Reference no: EM133115106

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