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You can purchase a T-bill that is 70 days from maturity for $17,465. The T-bill...

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Finance

You can purchase a T-bill that is 70 days from maturity for $17,465. The T-bill has a face value of $17,500.

a.

Calculate the T-bills 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-bills quoted yield %

b.

Calculate the T-bills 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-bills bond equivalent yield %

c.

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

T-bills EAR %

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