A 168-day, $100,000 T-bill was initially issued at a price that would yield the buyer 4.19% simple interest. 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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The Answer of A 168-day, $100,000 T-bill was initially issued at a price that would yield the buyer 4.19% simple interest. 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?

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