Problem 15-6 Calculating Bond Yield for a T-Bill Problem 15-6 Calculating Bond Yield for a T-Bill [LO15-4] Sandra Waterman purchased a 52 -week, ( $ 4,000 ) T-bill issued by the U.S. Treasury. The purchase price was ( $ 3,985 ). a. What is the amount of the discount? b. What is the amount Ms. Waterman will receive when the T.bill matures? c. solutionspile.com

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Problem 15-6 Calculating Bond Yield for a T-Bill

$Problem 15-6 Calculating Bond Yield for a T-Bill [LO15-4] Sandra Waterman purchased a 52 -week, $ \$ 4,000 $ T-bill issued$

Problem 15-6 Calculating Bond Yield for a T-Bill [LO15-4] Sandra Waterman purchased a 52 -week, $ \$ 4,000 $ T-bill issued by the U.S. Treasury. The purchase price was $ \$ 3,985 $. a. What is the amount of the discount? b. What is the amount Ms. Waterman will receive when the T.bill matures? c. What is the current yield for the 52 -week T-bill at the time of purchase? Note: Enter your answer as a percent rounded to 2 decimal places.

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