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Question 9. Ninety days ago, you purchased a 180-day Treasury bill with a face value of $100,000. At that time, the yield to maturity on

Question 9. Ninety days ago, you purchased a 180-day Treasury bill with a face value of $100,000. At that time, the yield to maturity on the bill was 6.0% p.a. The current yield to maturity on the bill is 5.0% p.a. The price of the bill today isclosestto:

$97,126.

$97,594.

$98,542.

$98,782.

PS. May I have the workings too, Thank you

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