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A Treasury Bill with a face value of $100,000 that matures in 48 days is...

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Question

Finance

A Treasury Bill with a face value of $100,000 that matures in 48 days is currently selling for $99,801.81. What is the yield-to-maturity on this bill?

Options:

  • 1.52 percent

  • 2.55 percent

  • 2.15 percent

  • 1.87 percent

  • 2.95 percent

Answer & Explanation Solved by verified expert
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