Two 182-day, $1000000 T-bills were initially issued at a price that would yield the buyer 2.5%. If

Question:

Two 182-day, $1000000 T-bills were initially issued at a price that would yield the buyer 2.5%. If the yield required by the market remains at 2.5%, how many days before their date will the T-bills' market price first exceed $995 000?
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...