The Central bank of Oman issued treasury bills with 180 days maturity and at a discount rate of 6 percent. Calculate the present value or the market price of the Treasury bill assuming the face value to be 100.
A) 97.0411
B) 101.411
C) 99.0411
D) 95.0411
E) None

Answer rating: 100% (QA)

Given data Discount Rate 6 percent face value 100 da... View the full answer