Find a value of the time, Short-term rates fluctuate

Find a value of the time

Reference no: EM131371873

Short-term rates fluctuate daily. It may be assumed that the yield for 90-day Treasury bills in early 2007 was approximately normally distributed with mean 4.92% and standard deviation 0.3%.

Find a value such that 95% of the time during that period the yield of 90-day T-bills was below this value.

Reference no: EM131371873

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