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标题: Why is this answer incorrect? [打印本页]

作者: ajpheif16 时间: 2011-7-11 18:21

Rbd = (D/F)(360/t) = (2319.9/97,680.1)(360/180) is incorrect

The face value = 100,000 not 97,680.1 as you have taken.

作者: wonderfuldream 时间: 2011-7-11 18:21 标题: Why is this answer incorrect?

Hi all,

As you may know, we are responsible for converting amount holding period yields, money market yields, etc...

When asked to convert between HPY to the bank discount yield, I used the following formulas

HPY = P1-P0/P0 = 100,000-97,680.1/97,680.1 = 2.375
Rbd = (D/F)(360/t) = (2319.9/97,680.1)(360/180)

The answer is incorrect. Can someone please explain why?

Thanks.

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