A Treasury Bill Has a Face Value of $65,000, an Asked

question 59

Multiple Choice

A Treasury bill has a face value of $65,000, an asked yield of 3.05%, and matures in 60 days. What is the price of this bill?

• A)$64,669.58
• B)$64,777.60
• C)$64,819.80
• D)$64,868.00
• E)$64,878.42

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