On March 2, a Treasury bill expiring on April 20 had a bid discount of 5.80, and an ask discount of 5.86. What is the best estimate of the risk-free rate as given in the text?
a. 5.86 %
b. 5.83 %
c. 6.11 %
d. 6.14 %
e. none of the above
Answer: C
On March 2, a Treasury bill expiring on April 20 had a bid discount of 5.80, and an ask discount of 5.86. What is the best estimate of the risk-free rate as given in the text?
a. 5.86 %
b. 5.83 %
c. 6.11 %
d. 6.14 %
e. none of the above
Answer: C
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