Calculate the t-bills quoted yield

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Reference no: EM131495578

You can purchase a T-bill that is 95 days from maturity for $12,965. The T-bill has a face value of $13,000.

a. Calculate the T-bill’s quoted yield. (Use 360 days in a year. Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161))

T-bill’s quoted yield %

b. Calculate the T-bill’s bond equivalent yield. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161))

T-bill’s bond equivalent yield %

c. Calculate the T-bill’s EAR. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161))

T-bill’s EAR

Reference no: EM131495578

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