Determine the selling price of a Government of Canada treasury bill that has a quoted annual interest

Question:

Determine the selling price of a Government of Canada treasury bill that has a quoted annual interest rate of 2.1 percent and will mature in 180 days. Assume a of $1,000.

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,...