Newly issued three-month T-bills with a par value of $10,000 sold for $9,700. Compute the T-bill discount.
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Newly issued three-month T-bills with a par value of $10,000 sold for $9,700. Compute the T-bill discount.
Par ValuePar 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,...
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