valuation of bond

CFA Level I
#1

the face value of a $1,000,000T-bil with 78 days to maturity is priced at $987,845.What is the bank discount yield (annualized) quote for the T-bill? Thanks

#2

BDY = (D/F)(360/t) so, (12,155/1,000,000)(306/78) = 0.0561 or 5.61% note. this is already annualised using 360 days

#3

bluey you are owning this board dude haha

#4

only cos i’ve been stuck in my room all week…this board is my only outlet heheeh

#5

Thanks dude