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1 year ago

a treasury bill has a face value of $65,000, an asked yield of 3.05%, and matures in 60 days. what is the price of this bill?

Business

1 answer:

Nataliya [291]1 year ago

7 0

the price of this bill is $64669.58 in 60 days.

In this question the given things is:

a treasury bill has a face value of $65,000.

yield percentace = 3.05%

time = 60days

the price of this bill = a face value of a treasury- (a face value of a treasury *yield percentage * given time per year)

the price of this bill = $65,000 - $65,000*(3.05/100)*(60/360)

the price of this bill =$64669.58.

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