Using a Spreadsheet to Calculate T-bill Prices: What is the bid price of a $10,000 face value T-bill with a bid rate of 2.23 percent if there are 10, 25, 50, 100, and 250 days to maturity? (LG 5-2)

Face Value Bid Rate Days to Maturity

⇒ The Answer Will Be

$10,000 2.23% 10 $9,993.81 10,000 2.23 25 9,984.51 10,000 2.23 50 9,969.03 10,000 2.23 100 9,938.06 10,000 2.23 250 9,845.14 AppendixLO1