Question 15, 8.2.5 = Homework: Homework 3 Part 2 of 3 An investor purchased a 182-day, $10,000.00 T-bill on its issue date for $9855.35. After holding it for 48 days, she sold the T-bill for a yield of 2.81%. (a) What was the original yield of the T-bill? (b) For what price was the T-bill sold? (c) What rate of return (per annum) did the investor realize while holding this T-bill? (a) The original yield of the T-bill was 2.94 %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) (b) The T-bill sold for $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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BAB110 NII, W22
Question 15, 8.2.5
= Homework: Homework 3
Part 2 of 3
An investor purchased a 182-day, $10,000.00 T-bill on its issue date for $9855.35. After holding it for 48 days, she sold the T-bill for a yield of 2.81%.
(a) What was the original yield of the T-bill?
(b) For what price was the T-bill sold?
(c) What rate of return (per annum) did the investor realize while holding this T-bill?
(a) The original yield of the T-bill was 2.94 %.
(Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
(b) The T-bill sold for $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Transcribed Image Text:P Do Homework - Homework 3 - Google Chrome A mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=617070626&questionld=15&flushed=true&cld=6813423&centerwin=yes BAB110 NII, W22 Question 15, 8.2.5 = Homework: Homework 3 Part 2 of 3 An investor purchased a 182-day, $10,000.00 T-bill on its issue date for $9855.35. After holding it for 48 days, she sold the T-bill for a yield of 2.81%. (a) What was the original yield of the T-bill? (b) For what price was the T-bill sold? (c) What rate of return (per annum) did the investor realize while holding this T-bill? (a) The original yield of the T-bill was 2.94 %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) (b) The T-bill sold for $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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