How much would you pay for a U.S. Treasury bill with 108 days to maturity quoted at a discount yield of 2.41 percent? Assume a $1 million face value. (Enter your answer in dollars not in millions. Do not round intermediate calculations. Round your answer to 2 decimal places.)
Price?
The amount you would pay for a treasury bill is:
=1000000*(1-(0.0241*(108/360)))
=992770
How much would you pay for a U.S. Treasury bill with 108 days to maturity quoted...
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