Question #102438
What is the price of a 95 days, $150,000 Government of Canada treasury bill that yields 1.75 % per annum?
1
Expert's answer
2020-02-06T09:38:57-0500

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


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Place free inquiry
Calculate the price
Learn more about our help with Assignments: Economics

Comments

No comments. Be the first!
Our fields of expertise
Submit Your Assignment. We Can Do It.
LATEST TUTORIALS
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult. You can find this expert in "Assignmentexpert.com" with confidence. Exceptional experts! I appreciate your help. God bless you!
Canada #340153 on Dec 2023