An investor agrees to buy a 180-day Treasury bill with a face value of $10,000 that is

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An investor agrees to buy a 180-day Treasury bill with a face value of $10,000 that is quoted at a discount rate of 4.80% (bank discount method). The convention for the total number of days per year is 360 days.

What is the price the investor will pay for this Treasury bill?

Related Book For answer-question

Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Posted Date: Oct 13, 2023 02:43 AM

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An investor agrees to buy a 180-day Treasury bill with a face value of $10,000 that is

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Foundations of Financial Management

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