What is the bond equivalent yield on a $1 million T-bill that currently sells at 91.320 percent of its face value and is 141 days from maturity?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
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What is the bond equivalent yield on a $1 million T-bill that currently sells at 91.320 percent of its face value and is 141 days from maturity?

 

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