Purchased a 182-day, $25,000 T-bill on its issue date for $24,386.15
After holding it for 83 days, he sold the T-bill for a yield of 4.82%
-What was the original yield of the T-bill?
-For what price was the T-bill sold?
-What rate of return (per annum) did he realize while holding this T-bill?
After holding it for 83 days, he sold the T-bill for a yield of 4.82%
-What was the original yield of the T-bill?
-For what price was the T-bill sold?
-What rate of return (per annum) did he realize while holding this T-bill?