Question
You buy a T-Bill from a dealer at Morgan Stanley at a bond equivalent yield of 1.57%. The bill matures in 174 days and has
You buy a T-Bill from a dealer at Morgan Stanley at a bond equivalent yield of 1.57%. The bill matures in 174 days and has a face value of $10,000. Calculate the price that you pay for the T-Bill
1) 9975.84
2) 9915.94
3) 9938.51
4) 9925.71
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Legal Aspects Of Trade Finance
Authors: Charles Chatterjee
1st Edition
1857433890, 978-1857433890
