You purchased a 180 day T-bill with a face value of $100,000, 120 days after it was issued. The market yield when you purchased it was 3%. What was the price you paid for the T-bill? Price you paid for the T-bill: $ Round final answer to two places after the decimal.

Answer rating: 100% (QA)

Absolutely we can calculate the price you paid for the Tbill Heres how Given Face value F 100... View the full answer