Suppose a T-Bill at GCB Bank with 182 days maturity has a face value of GHS 1,000

Finance Dec 26, 2020

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?

Expert Solution

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%

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