When computing the bank discount yield, you would use ____ days in the year?

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24-02-2018
Business

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When computing the bank discount yield, you would use ____ days in the year?

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MrsTriplet MrsTriplet · Answer 1 · 2018-03-05T19:34:09+01:00

MrsTriplet MrsTriplet

05-03-2018

When computing the bank discount yield, you would use 360 days in the year. Banks use this for loans to simplify the process assuming each month has 30 days. If you multiply 30 days by 12 months in a year you will have 360 days.

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