A 168-Day, $100,000 T-Bill Was Initially Issued at a Price

question 128

Short Answer

A 168-day, $100,000 T-bill was initially issued at a price that would yield the buyer 4.19%. If the yield required by the market remains at 4.19%, how many days before its maturity date will the T-bill's market price first exceed $99,000?

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Definitions:

Health

A state of complete physical, mental, and social well-being, and not merely the absence of disease or infirmity.

Disease

A condition that disrupts a person’s body or mind's normal functioning, often characterized by specific symptoms and signs.

Illness

A state of poor health, often associated with disease, infection, or abnormal physical or psychological condition.

Hospitalization

The act of admitting a patient to a hospital for treatment, observation, or other healthcare needs.