You want to purchase an $800,000 T Bill with 200 days to maturity and a BEY (bond

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You want to purchase an $800,000 T Bill with 200 days to maturity and a BEY (bond equivalent yield) of 2.25%. What is the purchase price of the Bill?

a). $790,257.10

b). $789,459.78

c). $789,402.54

d). $789,101.88

e). $788,025.67

Related Book For answer-question

Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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Posted Date: Feb 13, 2021 10:30 PM

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You want to purchase an $800,000 T Bill with 200 days to maturity and a BEY (bond

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We take 200 days and multiply by 225 45... View the full answer

Finance Applications and Theory

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