When a 90-day note with a face value of $100,000 is first issued, Barry purchases it for a yield of 7% per year. He sells it at a yield of 7.4 percent per annum with 60 days to maturity. What is his return?

Finance practice test

1. A 180-day T-note with a face value of $10,000 is purchased at a 6% requested yield, calculate the price for the T-note.
2. When a 90-day note with a face value of $100,000 is first issued, Barry purchases it for a yield of 7% per year. He sells it at a yield of 7.4 percent per annum with 60 days to maturity. What is his return?
3. If the interest rate is 5% per year, what is the price of a $100 Zero Coupon Bond with a six-year maturity and a face value of $100?