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Unformatted text preview: Treasury Bond? 0.21875 1.3621875 136218.75 4 Days to Asked Maturity Maturity Bid Asked Yield Aug 31 2011 270 1.75 1.72 a) What is the $ purchase price for $100,000 in face value for this Treasury Bill? 98710.00 b) What is the asked yield? 1.767% 5 In the spring of 2007, the Federal Funds rate was 5.25%. It is the overnight lending rate which banks charge each other for over night loans. Find the daily compound rate of interest and the interest payment, in dollars, on an overnight loan of $1 million at an interest rate of 5.25%. Daily Compound Rate of Interest : 0.014% Interest Payment : 140.20...
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This note was uploaded on 12/29/2011 for the course BUS 453 taught by Professor Jerrynelson during the Fall '11 term at BYU.
- Fall '11
- Financial Markets