Can someone explain this using TVM MODE ??
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Firt calculate the 90 day BD so we can find the price
=4.75*90/360
=1.1875 so price will be 100-1.1875=98.8125
Now find hpy
-98.8125 pv.
100 fv.
N 1
Cpt i/y 1.2018
BEY=hpy*365/90
=1.2018*365/90
=4.8738