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34kurt
2 years ago
10

a t-bill with face value $10,000 and 81 days to maturity is selling at a bank discount ask yield of 2.8%. required: a. what is t

he price of the bill? (use 360 days a year. do not round intermediate calculations. round your answer to 2 decimal places.)
Business
1 answer:
luda_lava [24]2 years ago
3 0

According to the given data with the face value of $10,000 and 81 days to maturity, the price of the t bill is 9917.83.

<h3 /><h3>What is t bill with face value?</h3>

T-bills, also known as Treasury Bills, are offered for maturities that range from a few days to 52 weeks. Rarely have bills sold for the same price as the par amount (also known as face value), which is the standard price at which they are traded. You receive payment of the bill's par amount when it matures. US Treasury bills are often auctioned off. T-bills are available for purchase from the government through the TreasuryDirect website. It will operate like a brokerage account that holds your bonds, and registration is free. You have the option to arrange reinvestments into securities of the same type and term in addition to placing bids on new issues.

To learn more about t bill with face value, visit:

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