On 25 th January, 2013, XY Bank purchased a 91-day treasury bill maturing on 16 th March, 2013. The rate quoted by the seller is ₹99.25 per ₹100 face value. Compute the yield percentage of the treasury bill.
CS Executive · Capital Markets & Securities Laws · PYQS · December 2014
On 25 th January, 2013, XY Bank purchased a 91-day treasury bill maturing on 16 th March, 2013. The rate quoted by the seller is ₹99.25 per ₹100 face value. Compute the yield percentage of the treasury bill.
Topics: Money Market Instruments
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