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A 100, 000 face value Italian-issued (i.e., Euro-denominated) discount security with a standard 180-day maturity has 46 days to maturity was issued at a

 

A 100, 000 face value Italian-issued (i.e., Euro-denominated) discount security with a standard 180-day maturity has 46 days to maturity was issued at a discount rate of 2.4 % but is now trading at a rate of 2.765 % Assume 360 days in a year. (a) What price was the security issued at? NOT) (Round to 2 decimal places. Comma separators are not necessary. 12345.67 is OKAY, but 12,345.67 is (b) What price is the security currently trading at? NOT) (Round to 2 decimal places. Comma separators are not necessary. 12345.67 is OKAY, but 12,345.67 is

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