Question: On April 1 , $ 1 0 0 , 0 0 0 . 0 0 3 6 4 - day treasury bills were auctioned off

On April 1, $100,000.00364-day treasury bills were auctioned off to yield 2.66%.
(a) What is the price of each $100,000.00 T-bill on April 1?
(b) What is the yield rate on July 13 if the market price is $97,320.75?
(c) Calculate the market value of each $100,000.00 T-bill on October 18 if the rate of return on that date is 3.534%.
(d) What is the rate of return realized if a $100,000.00 T-bill purchased on April 1 is sold on November 23 at a market rate of 3.85%?
(a) The price is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
 On April 1, $100,000.00364-day treasury bills were auctioned off to yield

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!