Question
Consider a T-bill with a $1,000 PAR value. The maturity is 270 days. The annual yield is 3.8%. What is the current price? NOTE: Hint,
Consider a T-bill with a $1,000 PAR value. The maturity is 270 days. The annual yield is 3.8%. What is the current price?
NOTE: Hint, since this is a T-bill, the price will be less than PAR.
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Introduction To Corporate Finance
Authors: William L. Megginson, M.D. Lucey Brian C., Scott J. Smart, Scott B. Smart, Bill Megginson
1st Edition
184480562X, 9781844805624
