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Author Question: Darren purchased $250 000 in 364-day T-bills 315 days before maturity to yield 2.86%. After holding ... (Read 106 times)

schs14

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Question 1

Sean purchased a 182-day, $10 000 T-bill on its issue date for $9754.25. What was the original yield of the T-bill?

Question 2

Darren purchased $250 000 in 364-day T-bills 315 days before maturity to yield 2.86%. After holding it for 120 days, Darren sold the T-bill for a yield of 3.25%.
a) How much did Darren pay for the T-bills?
b) For how much did Darren sell the T-bills?
c) What rate of return (per annum) did Darren realize on the investment?


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Marked as best answer by schs14 on Jun 6, 2019

Pamela.irrgang@yahoo.com

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