The coupon equivalent yield on a six-month Treasury bill that has a $1,000 face value and sells for $960 is

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The coupon equivalent yield (CEY) for a Treasury bill can be calculated using the formula: CEY = [(Face Value - Purchase Price) / Purchase Price] * (365 / Days to Maturity) * 100. For a six-month (or approximately 182 days) Treasury bill with a face value of $1,000 and a purchase price of $960, the calculation is: CEY = [($1,000 - $960) / $960] * (365 / 182) * 100 = 8.3 percent.

The Coupon Equivalent Yield on a Six-Month Treasury Bill That