9. Huawei, Inc. wants to issue new 6-months bill with zero coupon for some much-needed short-term funding needs. Currently, the market yield for similar bill is 6 percent, if the par value of the bill is $1000, how much will the bill sell for in the market? 

Answer rating: 100% (QA)

To calculate the price of the bill in the market we can use the formula for calculating the present ... View the full answer