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Homework answers / question archive / Suppose a T-Bill at GCB Bank with 182 days maturity has a face value of GHS 1,000
Suppose a T-Bill at GCB Bank with 182 days maturity has a face value of GHS 1,000.00. If the discount amount of the T-Bill is GHS 65.00. What is the discount yield of the T-bill from GCB?
| Discount yield of the T-bill is = (Discount/Face value)*(365/182)*100 |
| Discount yield of the T-bill is = (65/1000)*(365/182)*100 |
| Discount yield of the T-bill is = 13.04% |
