What is the number of days to maturity, if a bill is priced at $93,450 and has

Fantastic news! We've Found the answer you've been seeking!

Question:

What is the number of days to maturity, if a bill is priced at $93,450 and has a face value of $100,000 and is trading with a yield of 6.285%?

Related Book For answer-question

Public Finance

ISBN: 978-1111526986

2nd edition

Authors: John E. Anderson

See More Books

Posted Date: May 09, 2024 08:33 AM

See More Questions

a. Stock market index information: S&P 500 (stock) index level: Nasdaq Composite (stock) index level: b. Interest rate information : Prime rate: Federal funds rate: Commercial paper rate (90 days):...
Python and most Python libraries are free to download or use, though many users use Python through a paid service. Paid services help IT organizations manage the risks associated with the use of...
Is there more to marketing than building product and brand awareness than what people discuss? How do marketing managers and executives manage consistent messaging across cultures?
Consider again the conditions of Exercise 2, and let the estimator 1 be as defined in that exercise. Determine the value of the M.S.E. R(, 1) for > 0.
To what classes do the following enzymes belong? (a) Pyruvate decarboxylase (b) Chymotrypsin (c) Alcohol dehydrogenase
Find an article on tips for jury selection. What tips are provided? Are the tips helpful for determining questions to ask during jury voir dire?
International Network Solutions provides products and services related to remote access networking. The company has grown rapidly during its first 10 years of operations. As its segment of the...
Assume that in 2023 Manny invested $10,000 in an additional passive activity, Categorical, LLC. Categorial generated Profits of $40,000 in 2023. Everything else is as before. Required: Using the...
a) Create a method named printMatrix(). This method accepts a 2D array of integers and prints it in a structured table format. b) Construct a method named findStats(). This method should process a 2D...
The company has 15 employees, who earn a total of $2,600 in salaries each working day. They are paid each Monday for their work in the five-day workweek ending on the previous Friday. Assume that...
If an investor invests in a bond that has $1,000 par and pays 7% coupons semi-annually, which matures in 3 years. Assume yield stays at 3% compound semiannually and all received coupon payments will...
The Ace Battery Company has forecast its sales in units as follows: January February March 2,000 April May 1,850 June 1,800 July 2,300 2,550 2,700 2,400 Ace always keeps an ending inventory equal to...
Suppose Diana has $100,000 to invest in an individual retirement account (IRA) at an interest rate of 10% per year for her retirement in 15 years. How much money can she accumulate at the end of the...
Calculate the net present value of the following project for discount rates of 0%, 50%, and 100%: b. What is the IRR of the project? Co G +$6,750 +$4,500-$18,000
1. What purpose does culture serve within an organization? 2. Describe Mayo Clinics cultures from the perspective of espoused values and enacted values. 3. using the perspective of the functions of...

What is the number of days to maturity, if a bill is priced at $93,450 and has

Question:

Expert Answer:

The face value of the bill is 100000 It is trading a... View the full answer

Public Finance

Students also viewed these finance questions