There is a Treasury bill with a face value of $1million that matures in 45 days. Its

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There is a Treasury bill with a face value of $1million that matures in 45 days. Its quoted price is .012.

A. What is its price in dollars and cents (remember that the face value is $1million)?

B. What is its BEY? (show as a percentage and carry out to four decimal places - i.e. 1.2345%)

Related Book For answer-question

Precalculus

ISBN: 978-0321716835

9th edition

Authors: Michael Sullivan

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Posted Date: Apr 09, 2024 11:48 AM

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There is a Treasury bill with a face value of $1million that matures in 45 days. Its

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Expert Answer:

To calculate the price of the Treasury bill and its Bond Equivalent Yield BEY we follow the... View the full answer

Precalculus

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