You purchase $10,000 worth of six-month US Treasury bills on the secondary market with a quoted yield
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Question:
You purchase $10,000 worth of six-month US Treasury bills on the secondary market with a quoted yield per annum of 0.64 per cent. The bills have 36 days to maturity. How much would you pay? Use the actual/360-day count convention.
Related Book For
Financial Markets And Institutions
ISBN: 978-0132136839
7th Edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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