Find the price of a six- month (180- day) U. S. T-bill with a par value of

Question:

Find the price of a six- month (180- day) U. S. T-bill with a par value of $ 100,000 and a bank discount yield of 9.18 percent.
Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Investments

ISBN: 978-0071338875

8th Canadian Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus, Stylianos Perrakis, Peter

Question Posted: