Question: Problem # 5 : Find d P d i , the derivative of the previous result from Problem # 4 above, with respect Problem #
Problem #: Find the derivative of the previous result from Problem # above, with respect Problem #: For the TBill in question above, what value does approach as one gets
closer and closer to the maturity date?
to the quoted yield Use this derivative to approximate the change in the price of
the TBill if the yield were to have decreased by ie immediately
after the TBill was purchased.
NOTE PROBLEM #: What is the price P today of a $day Canadian TBill if its quoted yield is THE ANSWER IS $
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