U.S. Treasury bill with 180 days to maturity has a discount yield of 5 percent and a
Question:
U.S. Treasury bill with 180 days to maturity has a discount yield of 5 percent and a face value of $100,000. What is its current price?
a. $97,500
b. $95,000
c. $92,500
d. $90,000.
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The correct answer is a 97500 Heres how we can calculate the current price of the Tre...View the full answer
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Related Book For 
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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