Question
A Treasury bill has a face value of $65,000, an asked yield of 3.05 percent, and matures in 60 days. What is the price of
A Treasury bill has a face value of $65,000, an asked yield of 3.05 percent, and matures in 60 days. What is the price of this bill?
1. $64,675.74
2. $64,777.60
3. $64,819.80
4. $64,868.00
5. $64,878.42
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
