$10,000 face value T- bill has a 2.65 percent discount quote and 180-day maturity. What is the price of the T - bill? S 9,862.50 $9,864.36 $9,869.23 $9,867.50
$10,000 face value T- bill has a 2.65 percent discount quote and 180-day maturity. What is the price of the T - bill? S 9,862.50 $9,864.36 $9,869.23 $9,867.50
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 21P
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Manshukh
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![$10,000 face value T - bill has a 2.65 percent discount quote and 180 day maturity. What is the price of the T - bill? $
9,862.50 $9,864.36 $9,869.23 $9,867.50](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc9567e47-8994-4706-8c0c-ed9977a82385%2F42380d1c-c815-4d01-bb28-d4d622981d09%2Fto4i76_processed.jpeg&w=3840&q=75)
Transcribed Image Text:$10,000 face value T - bill has a 2.65 percent discount quote and 180 day maturity. What is the price of the T - bill? $
9,862.50 $9,864.36 $9,869.23 $9,867.50
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