Question
1. You would like to purchase a t-bill that is X days from maturity for 9.765 $. The t-bill has a face value of 10.000
1. You would like to purchase a t-bill that is X days from maturity for 9.765 $. The t-bill has a face value of 10.000 $. The discount yield is 6,768%. If 1 year=360 days, what is X?
a) 120
b) 125
c) 130
d) 135
e) Other:
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Production And Operations Analysis
Authors: Steven Nahmias, Tava Lennon Olsen
7th Edition
1478623063, 9781478623069
