[Present Value] You purchase six-month UK Treasury bills on the secondary market with a quoted yield per annum of 0.75 per cent and maturity value of £10,000. The bills have 60 days to maturity. How much would you pay? Use the actual/360-day count convention.
[Present Value] You purchase six-month UK Treasury bills on the secondary market with a quoted yield per annum of 0.75 per cent and maturity value of £10,000. The bills have 60 days to maturity. How much would you pay? Use the actual/360-day count convention.
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 21P
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