Question
Ninety days ago, you purchased a 180-day Treasury bill with a face value of $500,000. At the time of your purchase, the yield to maturity
Ninety days ago, you purchased a 180-day Treasury bill with a face value of $500,000. At the time of your purchase, the yield to maturity on the bill was 6.0% p.a. If the current yield to maturity on the bill is 4.0% p.a. the price of the bill today is closest to:
a) $485,631.
b) $490,328.
c) $492,711.
d) $495,117.
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
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