Turkish Treasury has issued 12 percent T-Bill. If the market prices is an annual rate of 14 percent and TBill has 148 days to maturity, what is the price of this T-Bill?
Turkish Treasury has issued 12 percent T-Bill. If the market prices is an annual rate of 14 percent and TBill has 148 days to maturity, what is the price of this T-Bill?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Turkish Treasury has issued 12 percent T-Bill. If the market prices is an annual rate of 14 percent and TBill has 148 days to maturity, what is the price of this T-Bill?
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