Recent content by Nakamura

To be honest with you no I haven't tried the pricing/yeild function on excel mainly because because of the exam that will need to be taking for the aci dealing certificate I am going to have to learn how to do this with a calculator an a formula so as you can imagine I'm a little frustrated...

Actually I think that celebration may have been a little premature. Using the formula from above an driving the sale prices of the t-bills using 360 day basis and thne anualising it to a 365 basis I have come up have come up with the answer 7.636% which isn't a million miles away from 7.90% in...

Mate you are an complete legend thank you very much!! Well appriciated I was finally able to get the 7.90% answer:clap:

That may be true but as far as I'm aware the formula to find the yeild for such a question is: discount rate/(1 - (discount rate x days/years)) And using that formula I am unable to get to 7.90%

That makes allot oF sense but how would u go from 96.58 dollers to a yeild of 7.90%

I think you are supposed to figure out the yeild in a percentage by using only the information given so therefore I'm not sure there's any way to find out thr initial price or sales price it it wasn't given.

I dont think so

hi i am studying an ACI dealing certificate and I am stuck with one question I would very much appreciate any assistance. The question is as follows: You buy a US treasury bill 176 days before it matures when it was quoted at 7.0%/7.1% and sell it again when it is quoted at 6.6%/6.7% after...