Using a Spreadsheet to Calculate T-bill Yield: What is the quoted yield of a $10,000 face value T-bill with a market price of $8,885 if there are 10, 25, 50, 100, and 250 days to maturity? (LG 5-2)

Face Value Market Price Days to Maturity

⇒ The Answer Will Be

$10,000 $8,885 10 4.014%

10,000 8,885 25 1.606 10,000 8,885 50 0.803 10,000 8,885 100 0.401 10,000 8,885 250 0.161 AppendixLO1