Question
A U.S. Treasury bill is currently selling at a discount basis of 4.25%. The par value of the bill is $100,000, and will mature in
A U.S. Treasury bill is currently selling at a discount basis of 4.25%. The par value of the bill is $100,000, and will mature in 180 days. What is the price of this Treasury bill?
| $99,500.00 | ||
| $96,975.00 | ||
| $97,875.00 | ||
| $97,937.50 |
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Budgets And Financial Management In Higher Education
Authors: Margaret J. Barr, George S. McClellan
3rd Edition
1119287731, 9781119287735
