A U.S. Treasury bill is currently selling at a discount basis of 0.50%. The par value...
A U.S. Treasury bill is currently selling at a discount basis of 0.50%. The par value of the bill is $100,000 and will mature in thirty days. What is the price of this Treasury bill?
99956.33
98850.25
99907.00
99830.17
Homework Answers
Price = Face value × [1 - (Discount rate × (Days to maturity/360)]
Price = $100,000 × [1 - (0.0050 × 30/360)]
Price = $99,958.33
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