A face value of $10,000 is assumed for these Treasury bills. Maturity Days to Maturity Bank...

Question

Question

A face value of $10,000 is assumed for these Treasury bills.

Maturity Days to Maturity Bank Discount

Mar 30 33 1.36

Apr 30 64 2.03

Jun 30 125 2.64

Aug 30 186 ?

What is the price for the March 30 Treasury bill?

Answer 1

Answer #1

Price of the Treasury Bill
=(1-bank discount yield*days till maturity/360)*face value
=(1-1.36%*33/360)*10000
=9987.533333

Answer 2

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