Question
1. A U.S. Treasury bill is currently selling at a discount basis of 3.25%. The par value of the bill is $100,000, and will mature
1. A U.S. Treasury bill is currently selling at a discount basis of 3.25%. The par value of the bill is $100,000, and will mature in 180 days. What is the price of this Treasury bill?
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Foundations Of Financial Markets And Institutions
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
4th Edition
0136135315, 978-0136135319
