The Treasury is selling 91 day T bills with a face value of $10,000 for $9,900 If the investor holds them until maturity, calculate the yield ...

The Treasury is selling 91-day T-bills with a face value of $10,000 for $9,900. If the investor

Question:

The Treasury is selling 91-day T-bills with a of $10,000 for $9,900. If the investor holds them until maturity, calculate the yield.
Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...