Question #102438
What is the price of a 95 days, $150,000 Government of Canada treasury bill that yields 1.75 % per annum?
Expert's answer
To calculate the price, take 95 days and multiple by 1. 75 to get 166.25.Then, divide by 360 to get 2.165 and subtract 100 minus 2.165.The answer is 97.835. Final price is $15000/100 then multiple by 97.838 to get $14675.25
