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ad-work [718]
3 years ago
13

. If a T-bill promises to repay $10,000 in one year and the market interest rate is 6 percent, how much will the bill sell for i

n the market?
Business
1 answer:
ira [324]3 years ago
3 0

Answer:

market price = $9,433.96

Explanation:

a T-bill is basically a zero coupon bond, and the formula we can use to calculate its market price is:

market price = face value / (1 + i)ⁿ

  • face value (value at maturity) = $10,000
  • i = 6%
  • n = 1

market price = $10,000 / (1 + 6%) = $10,000 / 1.06 = $9,433.96

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Answer: Goal acceptance

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3 years ago
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The current ratio for Vito Co. with respect to the period under review is 1.5

<h3>What is current ratio?</h3>

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The Current Ratio formula is

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Learn more about current ratio here: https://brainly.in/question/45000916

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3 years ago
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