A 168-day, $100,000 T-bill was initially issued at a price that would yield the buyer 5.19%. If

Question:

A 168-day, $100,000 T-bill was initially issued at a price that would yield the buyer 5.19%. If the yield required by the market remains at 5.19%, how many days before its date will the T-bill’s market price first exceed $99,000?
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...