XYZ Corporation invests $5,000 into
91-day treasury bills with an interest
rate of 2.5%. If the broker charges a
$30 commission, what is the yield?
yield = [?]%
days invested
360 days
amount invested (interest rate)
yield
=
amount invested
days invested
360 days
+ commission
Give your answer as a percent rounded to the nearest hundredth.
Submit
