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Priyanka owns a T-bill with a face value of $1,000 maturing on March 9, 2017. She wants to sell it on the first day the
Priyanka owns a T-bill with a face value of $1,000 maturing on March 9, 2017. She wants to sell it on the first day the price exceeds $988.96. The (simple) interest rate is 6.750% and the daycount convention is ACT/360. On what day does she sell the T-bill? O a. January 8, 2017X O b. January 5, 2017 O c. January 6, 2017 O d. January 9, 2017 O e. January 7, 2017 Certainty@ : OC=1 (Unsure: 67%) OC=3 (Quite sure: >80%)
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