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2) math of interest. PLease show all work. step by step Priyanka owns a T-bill with a face value of $1,000 maturing on March 9,2017
2) math of interest. PLease show all work. step by step
Priyanka owns a T-bill with a face value of $1,000 maturing on March 9,2017 . She wants to sell it on the first day the price exceeds $988.96. The (simple) interest rate is 6.750% and the daycount convention is ACT/360. On what day does she sell the T-bill? a. January 8,2017x b. January 5,2017 c. January 6, 2017 d. January 9,2017 e. January 7,2017 Certainty 2 : C=1 (Unsure: C=2 (Mid: >67%)C=3 (Quite sure: >80% )Step by Step Solution
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