Calculate the price of a 95 day Tbill that has a face value of 10K and...

Question

Question

Calculate the price of a 95 day Tbill that has a face value of 10K and discount rate of 4.93%

business finance

Answer 1

Answer #1

10, 000 4.93 /. face value = yield = T-bill quoted yield Porice face Value yield 360 Nooof days face value - Price X 360 10,0

Answer 2

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