Question
What would be the purchase price for a 180 day, $100,000 U.S. Treasury bill sold at a 4.25% discount rate (recall, T-bills use a 360
What would be the purchase price for a 180 day, $100,000 U.S. Treasury bill sold at a 4.25% discount rate (recall, T-bills use a 360 day convention for the discount)?
A. 5,250
B. 94,750
C. 99,781
D. 97,375
E. 97,875
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Analysis for Financial Management
Authors: Robert C. Higgins
10th edition
007803468X, 978-0078034688
