Treasury Bills A Treasury bill purchased in December 2007 has 34 days until maturity and a bank yield of 4.24 percent. What is the price of the bill as a percentage of face value? What is the bond equivalent yield?© BrainMass Inc. brainmass.com June 3, 2020, 6:25 pm ad1c9bdddf
The yield rate is 4.24%
which means that (FV-PV)/PV = 4.24%
or FV/PV - 1 = ...
The price of the bill as a percentage of face value is determined. The bond equivalent yield is determined.