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You tract the market price of the T-bill on the firts of each month during the year. Below is the data. Suppose you had
You tract the market price of the T-bill on the firts of each month during the year. Below is the data. Suppose you had sold the T-bill after 5 months on November 1, 2014 for $994.29. What would you have earned monthly and annually? Answer in the green box below. THE PRICE OF TREASURY BILL Date Bill Price 1-Jun-14 989.00 Monthly Return 1-Jul-14 989.49 Annualized Return 1-Aug-14 990.13 1-Sep-14 991.46 1-Oct-14 992.74 1-Nov-14 994.29 1-Dec-14 995.21 1-Jan-15 995.74 1-Feb-15 996.74 1-Mar-15 997.97 1-Apr-15 998.01 1-May-15 999.38 1-Jun-15 1000.00
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