Question

Problem 15-6 Calculating Bond Yield for a T-Bill [LO15-4) Sandra Waterman purchased a 52-week, $2,200 T-bill issued by the U.S. Treasury. The purchase price was $2,194. (a) What is the amount of the discount? Discount amount (b) What is the amount Ms. Waterman will receive when the T-bill matures? Amount received (c) What is the current yield for the 52-week T-bill at the time of purchase? (Enter your answer as a percent rounded to 2 decimal places.) Current yield

Answer 1

nswer af Discount Face vale Anount Purckese pie 2200 2194 6 Amoual face valae will gereve o Ms uteao. 2,200 Arnual Cshinlo5 Moreat pto srant yield T- bil Let aasune Aorel Cash inflou Mcdnket 2194 2-co5 201%