X hits on this document

108 views

0 shares

0 downloads

0 comments

18 / 33

Treasury Bills

  • Most Liquid

  • Sold at discount (no coupons)

  • Bank discount yield = (F-P) / F * (360 / n)

  • Problem with bank discount yield

  • Use 360 days rather than 365 days

  • Use simple interest

  • Denominator is par value rather than price

Document info
Document views108
Page views116
Page last viewedFri Dec 09 12:04:05 UTC 2016
Pages33
Paragraphs291
Words1190

Comments