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I am Lyosha [343]
3 years ago
15

The interest yields on U.S. Treasury securities in early 2009 fell to very low levels as a result of the combined events surroun

ding the global financial crisis. Calculate the simple and annualized yields for the​ 3-month and​ 6-month Tresury bills auctioned on March​ 9, 2009, listed here.
3-Months T-bills 6- Months T- bills
Treasury bill, face value $10,000 $10,000
Price at sale 9993.93 9976.74
Discount 6.07 23.07
Business
1 answer:
Leni [432]3 years ago
4 0

Answer and Explanation:

The computation is shown below:

For three months

Simple yield is

= Discount ÷ Price at sale

= 6.07 ÷ 9993.93

= 0.0607%

And, the annualized yield is

= 0.0607% ÷ 3 × 12

= 0.2428%

For 6 months

= Discount ÷ Price at sale

= 23.07 ÷ 9976.74

= 0.2312%

And, the annualized yield is

= 0.2312% ÷ 6 × 12

= 0.4625%

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