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atate2007

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tT
发表于 2013-4-2 12:24 | 只看该作者

CFAI Afternoon mock #29

discount, example, easier
Does anyone have an easier way to get the bank discount yield in % than the crap example they gave you?
180 Tbill
HPY 2.375%

 

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shootingstar

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发表于 2013-4-2 12:25 | 只看该作者
Because you are given HPR, calculate MMY and the BDY will be less than that…mmy is 4.750 .So BDY is 4.65 in this case it is A.
That’s how I do it.

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dece2011

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发表于 2013-4-2 12:25 | 只看该作者
perfect thanks!

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siavosh

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4#
发表于 2013-4-2 12:25 | 只看该作者
1000/1.02375 = Purchase Price = 976.80
1000 976.80 = Discount of 23.20
BDY = D/F * (360/n)
= 23.20/1000 * (360/180) = 4.64%
The point made above is good too!
I think this might be the case always if you’re using the same rates:
HPY

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