What is the price of the bill

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Reference no: EM132020127

A T-bill with face value $10,000 and 96 days to maturity is selling at a bank discount ask yield of 4.3%.

What is the price of the bill?

(Use 360 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.) Price of the bill $

What is its bond equivalent yield?

(Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.) Bond equivalent yield %

Reference no: EM132020127

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