Troy paid $ 9,600 for a T bill with a face value of $ 10,000 What is Troys return if he holds the T bill to maturity ...

Troy paid $ 9,600 for a T- bill with a face value of $ 10,000. What is

Question:

Troy paid $ 9,600 for a T- bill with a of $ 10,000. What is Troy’s return if he holds the T- bill to maturity? 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...