Calculate the bond equivalent yield and effective annual return on fed funds that are 10 days...
Calculate the bond equivalent yield and effective annual return on fed funds that are 10 days from maturity and have a quoted yield of 0.25 percent. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 4 decimal places. (e.g., 32.1616))
Homework Answers
Bond equivalent yield = 0.25%(365/360) = 0.2535%
Effective annual return = (1 + (0.002535)/(365/10))365/10 - 1 = 0.2538%
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Calculate the bond equivalent yield and effective annual return
on fed funds that are 10 days...
Calculate the bond equivalent yield and effective annual return on a jumbo CD that is 115...
Calculate the bond equivalent yield and effective annual return on a jumbo CD that is 115 days from maturity and has a quoted nominal yield of 6.56 percent. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161)) Bond equivalent yield Effective annual return
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What is the discount yield, bond equivalent yield, and effective annual return on a $1 million T-bill that currently sells at 99.375 percent of its face value and is 65 days from maturity? (Use 360 days for discount yield and 365 days in a year for bond equivalent yield and effective annual return. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161) Discount yield Bond equivalent yield Effective annual return
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What is the discount yield, bond equivalent yield, and effective annual return on a $1 million...
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What is the discount yield, bond equivalent yield, and effective annual return on a $5 million...
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Suppose you purchase a T-bill that is 102 days from maturity for $9,820. The T-bill has...
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Calculate the bond equivalent yield and effective annual return on a jumbo CD that is 115 days from maturity and has a quoted nominal yield of 6.56 percent. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161)) Bond equivalent yield Effective annual return
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What is the discount yield, bond equivalent yield, and effective annual return on a $6 million commercial paper issue that currently sells at 98.25 percent of its face value and is 145 days from maturity? (Use 360 days for discount yield and 365 days in a year for bond equivalent yield and effective annual return. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161)) Discount yield Bond equivalent yield Effective annual return
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