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The government of the Kingdom of Bahrain has recently issued a series of Treasury Bills...

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Finance

The government of the Kingdom of Bahrain has recently issued a series of Treasury Bills in
the money market and listed in Bahrain Bourse. You have been assigned a T-bill to
apply your subject-specific practical skills, as follows:
T-bill
3 Months Treasury Bills - Issue No.2029
a. Using the discount rate displayed on the details of the T-bill, determine the
purchasing price (P0) of the assigned T-bill at the time of the issue. [1.5 mark]
b. Find the bond equivalent yield (ibes).[1 mark
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