A commercial bill with a face value of $100,000 and 270 days to maturity is purchased with a yield to maturity of 4.65 per cent per annum. After the bill has been held for 110 days it is sold at a yield of 4.5 per cent per annum.
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A commercial bill with a face value of $100,000 and 270 days to maturity is purchased with a yield to maturity of 4.65 per cent per annum. After the bill has been held for 110 days it is sold at a yield of 4.5 per cent per annum. What
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- An investor purchased a 91-day, $25,000.00 T-bill on its issue date for $24,851.61. After holding it for 54 days, she sold the T-bill for a yield of 1.55%. (a) What was the original yield of the T-bill? (b) For what price was the T-bill sold? (c) What rate of return (per annum) did the investor realize while holding this T-bill? (a) The original yield of the T-bill was%. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) (b) The T-bill sold for $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The investor realized a rate of return of (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)If you purchase a $10,000 short-term (90-day) negotiable certificate of deposit for $9,740, what is the discount yield, the simple yield, and the true compound yield? Assume 360 days per year for discount yield and 365 days per year for simple and compound yield. Round your answers to two decimal places. Discount yield: % Simple yield: % Compound yield: %An investor purchased a 91-day, $10,000.00 T-bill on its issue date for $9915.98. After holding it for 66 days, she sold the T-bill for a yield of 3.01% (a) What was the original yield of the T-bill? (b) For what price was the T-bill sold? (c) What rate of return (per annum) did the investor realize while holding this T-bill? GOOOD (a) The original yield of the T-bill was% (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed) (b) The T-bill sold for $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The investor realized a rate of return of% (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed)
- You purchase a three-month discount security (e.g., a Treasury bill or commercial paper) for $0.9878 on $1 (i.e., $98,780 for $100,000 face amount). What are the discount yield, the simple annual yield, and the annual compound yield earned by the investment?Assume that you conduct a relative value trade and close it out after 34 days. Your 34-day return is 0.40%. Annualize this return as an effective annual yield (EAY). Assume that a year has 365 daysA 60-day $100,000 T-bill was bought for $99,500. What rate of return will be realized if the T-bill is held until maturity?
- An investor purchased a 182-day, $10,000.00 T - bill on its issue date for $ 9910.29. After holding it for 136 days, she sold the T - bill for a yield of 1.67%. (a) What was the original yield of the T - bill? (b) For what price was the T - bill sold? (c) What rate of return (per annum) did the investor realize while holding this T - bill?You have purchased a $1,000 Face Value, 9-month (270-day) Treasury-bill (T-bill) with a quoted market discount yield equal to 5.25%. What is the annual money market yield for this 270-day T-bill?Find the annual interest and current yield of the following. Face value is pegged at 1,000.00. Provide a solution. Thank you!
- Suppose a comp sale occurred at a transaction price of $500,000, and was financed by the seller with a $400,000 note, for 15 years at 3%. The market rate of interest at the time of the sale was five percent, what is the value of the favorable finance?What is the present value of a cashflow of EUR 5,327.21 arising in 276 days, using 4.2% as the rate of discount? I buy an investment for GBP 2,345,678.91 and sell it one week later for GBP 2,350,000.00. What is my yield? The interest rate for 6 months (183 days) is 9.00% and the rate for 7 months (214 days) is 9.15%. What is the rate for 193 days? A dealer quotes a customer 7.35% to borrow for one year with interest paid monthly. The customer prefers to pay interest quarterly. What rate should the dealer quote instead? Which of the following is the cheapest for a borrower?6.7% annual money market basis6.7% semi-annual money market basis6.7% annual bond basis6.7% semi-annual bond basis. What is the effective yield of a 45-day deposit in euros, with a nominal rate quoted of 4.6%? A company borrows US dollars at 5.1% for 183 days and then at maturity refinances the principal and interest at 5.3% for a further 92 days. What is the simple cost of borrowing over the 9 months?You are given the following information about an investment account for the year 2021: Value Immédiately Before Deposit 1060 1125 1200 1420 Date Deposit January 1 March 1 August 1 December 31 100 If the annual time-weighted yield rate for this account is 10%, compute the dollar- weighted yield rate, rounded to the nearest tenth of a percent.
