Business
Business, 15.04.2020 00:24, poptropic7623

The discount yield on a T-bill differs from the T-bill's bond equivalent yield (BEY) because I. the discount yield is the return per dollar of face value and the BEY is a return per dollar originally invested. II. a 360-day year is used on the discount yield and the BEY uses 365 days. III. the discount yield is calculated without compounding, and the BEY is calculated with compoundi

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The discount yield on a T-bill differs from the T-bill's bond equivalent yield (BEY) because I. the...

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