× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
T
3
s
3
o
3
G
3
k
3
C
3
a
3
K
3
f
3
j
3
b
3
c
3
New Topic  
Memphic Memphic
wrote...
Posts: 728
Rep: 0 0
6 years ago
A three-month treasury bill sold for a price of $99.311998 per $100 face value. The yield to maturity of this bond expressed as an EAR is closest to:
A) 2.5%
B) 2.8%
C) 3.2%
D) 4.0%
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
Read 165 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
B
Explanation:  B) EAR =   - 1 = 0.028
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1083 People Browsing
Related Images
  
 816
  
 435
  
 911
Your Opinion