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

question 31

Multiple Choice

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

• A) $64,675.74
• B) $64,777.60
• C) $64,819.80
• D) $64,868.00
• E) $64,878.42