9.14. The treasurer of Small Corp. is considering the purchase of a T-bill maturing in seven months.
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9.14. The treasurer of Small Corp. is considering the purchase of a T-bill maturing in seven months. At a rate of 9 percent compounded annually:
a. Calculate the present value of the $10,000 face value T-bill.
b. If you wanted to purchase a seven-month T-bill 30 months from now, what amount must you deposit today?
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Related Book For 
Financial Markets And Corporate Strategy
ISBN: 9780071157612
2nd Edition
Authors: Mark Grinblatt, Sheridan Titman
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