Question
A U.S. Treasury bill with a face value of $1,000,000 is quoted at a discount of 0.0725%. It has 90 days remaining to maturity. Using
A U.S. Treasury bill with a face value of $1,000,000 is quoted at a discount of 0.0725%. It has 90 days remaining to maturity. Using a 360-day count per year. The price of this Treasury bill in $ is:
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
