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Imagine you invest in a Treasury Bill in the primary market. Face value is $1,000, interest rate of the Treasury Bill is 2.5%, and
Imagine you invest in a Treasury Bill in the primary market. Face value is $1,000, interest rate of the Treasury Bill is 2.5%, and the maturity date is 90 days. Which is the price of the Treasury Bill? Imagine you invest in a Treasury Bill in the secondary market. Face Value is $1,000, price is $966 (96.6%), and the maturity date is 540 days. Which is the profitability of the Treasury Bill?
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
