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A 182-day, $110,000 face value treasury bill was issued 88 days ago when yields were 0.75%. If the current rate of return is 1.85 %, what is its purchase price today? For full marks your answer should be rounded to the nearest cent. Price = $ 0.00

A 182-day, $110,000 face value treasury bill was issued 88 days ago when yields were 0.75%. If the current rate of return is 1.85 %, what is its purchase price today? For full marks your answer should be rounded to the nearest cent. Price = $ 0.00

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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A 182-day, $110,000 face value treasury bill was issued 88 days ago when yields were 0.75%. If the current rate of return is 1.85%, what is its purchase price today? For full marks your answer should be rounded to the nearest cent. Price = $0.00
Transcribed Image Text:A 182-day, $110,000 face value treasury bill was issued 88 days ago when yields were 0.75%. If the current rate of return is 1.85%, what is its purchase price today? For full marks your answer should be rounded to the nearest cent. Price = $0.00
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