Question
The discount yield on a 94-day T-bill is 1.13%. What is the price of the $1,000 T-bill?
The discount yield on a 94-day T-bill is 1.13%. What is the price of the $1,000 T-bill?
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Fundamentals of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield
8th Canadian Edition
978-0071051606
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