We try DIN UTRAJ Sints A Treasury bill that settles on May 18, 2016, pays $100,000...

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Answer 1

Answer #1

Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

BC Settlement date Maturity date Maturity value of T-bill Discount rate 5/18/2016 8/21/2016 $100,000.00 3.87% Price of T-bill

Cell reference -

А B Settlement date Maturity date Maturity value of T-bill Discount rate =DATE(2016,5,18) =DATE(2016,8,21) 100000 0.0387 Pric

Hope this will help, please do comment if you need any further explanation. Your feedback would be highly appreciated.

Answer 2

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