f the IMM index quotation for a 90-day T-bill future is 98.50, what would be the...
f the IMM index quotation for a 90-day T-bill future is 98.50, what would be the discount rate equivalent?
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2.75% |
||
|
2.50% |
||
|
2.25% |
||
|
1.75% |
||
|
1.50% |
Homework Answers
IMM Index = 100 - Discount Yield
IMM Index: 98.50
Hence:
98.50= 100 - Discount Yield
Discount Yield: 1.50%
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f the IMM index quotation for a 90-day T-bill future is 98.50,
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