Calculate the price of a $25,000, 91-day Province of British Columbia Treasury bill on its issue date if the current market rate of return is 1.672%. (Do not round intermediate calculations and round your final answer to 2 decimal places.) $ Price

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
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Calculate the price of a $25,000, 91-day Province of British Columbia Treasury bill on its issue date if the current market rate of return
is 1.672%. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Price
Transcribed Image Text:Calculate the price of a $25,000, 91-day Province of British Columbia Treasury bill on its issue date if the current market rate of return is 1.672%. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Price
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