you have purchased a 100k t bill 98 days prior to maturity for 99409 you have decided to sell th

Name: you have purchased a 100k t bill 98 days prior to maturity for 99409 you have decided to sell the t bill 43 days later earning you a yield of 28 pa what did you sell the t bill for round to 96054
Uploaded: 2022-04-14T04:51:53-08:00
Duration: 2 min 42 s
Channel: Suman K
Description: you have purchased a 100k t bill 98 days prior to maturity for 99409 you have decided to sell the t bill 43 days later earning you a yield of 28 pa what did you sell the t bill for round to 96054

Question

Suman K · Accepted Answer

Step 1: Calculate the final value of the T-bill using the formula: Final Value = Present Value *

Question

You have purchased a $100K T-bill 98 days prior to maturity for $99,409. You have decided to sell the T-bill 43 days later earning you a yield of 2.8% p.a. What did you sell the T-bill for? Round to the cent. Do not enter "$" into your answer.

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