Question
How much would you pay for a U.S. Treasury bill with 69 days to maturity quoted at a discount yield of 2.29 percent? Assume a
| How much would you pay for a U.S. Treasury bill with 69 days to maturity quoted at a discount yield of 2.29 percent? Assume a $1 million face value. (Do not round intermediate calculations. Round your answer to 2 decimal places. Enter your answer in dollars not in millions. Omit the "$" sign in your response.) |
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Financial Management Principles And Applications
Authors: J William Petty, Sheridan Titman, Arthur J Keown, John D Martin, Peter Martin, Michael Burrow, Hoa Nguyen
6th Edition
1442539178, 9781442539174
