00:01
Hello students, we are going to write here a 91 day treasury bill is selling for $96 .88 per hundred dollars of its face value.
00:10
What is quoted annual interest rate for this 91 day t bill? so if i write here for this, this must be.
00:19
So we are going to find interest rate.
00:24
So here annual interest rate is equivalent to discounted yield.
00:28
We are going to write here for this.
00:30
So this is a discount.
00:34
Discounted, discounted, we are going to write here for this.
00:39
So let's raise this to make it more clear.
00:43
This is annual interest, interest rate.
00:51
So we are going to write here for this.
00:54
This must be written as we are going to write here...