1-What is the discount yield, bond equivalent yield, and effective annual return on a $1 million...

1-What is the discount yield, bond equivalent yield, and effective annual return on a $1 million T-bill that currently sells at 96.375 percent of its face value and is 65 days from maturity? (Use 360 days for discount yield and 365 days in a year for bond equivalent yield and effective annual return. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161))

Discount yield...%

Bond equivalent yield...%

Effective annual return...%

2-What is the discount yield, bond equivalent yield, and effective annual return on a $2 million commercial paper issue that currently sells at 97.75 percent of its face value and is 130 days from maturity? (Use 360 days for discount yield and 365 days in a year for bond equivalent yield and effective annual return. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161))

Discount yield...%

Bond equivalent yield...%

Effective annual return...%

Expert Solution

jeff jeffy answered 8 months ago

What is the discount yield, bond equivalent yield, and effective annual return on a $1 million...

What is the discount yield, bond equivalent yield, and effective annual return on a $1 million T-bill that currently sells at 97.375 percent of its face value and is 75 days from maturity? (Use 360 days for discount yield and 365 days in a year for bond equivalent yield and effective annual return. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161))

What is the discount yield, bond equivalent yield, and effective annual return on a $5 million...

What is the discount yield, bond equivalent yield, and effective annual return on a $5 million commercial paper issue that currently sells at 98.625 percent of its face value and is 136 days from maturity? (Use 360 days for discount yield and 365 days in a year for bond equivalent yield and effective annual return. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161)) Discount yield _____ % Bond equivalent yield ______ % Effective annual...

1. What is the discount yield, bond equivalent yield, and effective annual return on a $1...

1. What is the discount yield, bond equivalent yield, and effective annual return on a $1 million T-bill that currently sells at 97 3/8 percent of its face value and is 55 days from maturity? (Use 360 days for discount yield and 365 days in a year for bond equivalent yield and effective annual return. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161)) Discount yield % Bond equivalent yield % Effective annual return % ...

Show your work please What is the discount yield, bond equivalent yield, and effective annual return...

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Calculate the bond equivalent yield and effective annual return on fed funds that are 3 days from maturity and have a quoted nominal yield of 6.56%.

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