问题如下:
A T-bill is trade at $96,000 with a face value of $100,000,after 90 days,it will mature. Calculate the money market yield for this T-bill,
选项:
A.10.00%.
B.16.67%.
C.20.55%.
解释:
B is correct.
(4,000 / 96,000)(360 / 90) =16.67%
为什么不是(4,000 / 96,000) 的 (360/90)次方