A treasury bill that settles on may 18 2016 pays 100000 on, Financial Management

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A treasury bill that settles on may 18 2016 pays 100000 on

A Treasury bill that settles on May 18, 2016, pays $100,000 on August 21, 2016. Assuming a discount rate of 1.69 percent, what are the price and bond equivalent yield? Use Excel to answer this question. (Round your price answer to 2 decimal places. Enter your yield answer as a percent rounded to 3 decimal places.)

Price_________

Bond equivalent yield_______%

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Financial Management: A treasury bill that settles on may 18 2016 pays 100000 on

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Financial Management: A treasury bill that settles on may 18 2016 pays 100000 on

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