An investor purchases a T-bill when the yield is 3%. A few months later, the investor sells the T-bill when the yield has dropped to 2%. Will the investor realize a yield of 3%, more than 3%, or less ...An investor purchases a T-bill when the yield is 3%. A few months later, the investor sells the T-bill when the yield has dropped to 2%. Will the investor realize a yield of 3%, more than 3%, or less than 3% on the investment? issued a 90-day, $250,000 commercial paper on April 18 when the market rate of return was 3.1%. The paper was sold 49 days later when the market rate of return was 3.63%. Calculate the price of the commercial paper on its date of sale.
