A Treasury bill has a face value of $65,000, an asked yield of 3.05%, and matures in 60 days. What is the price of this bill?
A)$64,669.58
B)$64,777.60
C)$64,819.80
D)$64,868.00
E)$64,878.42

Question

Quizplus · Accepted Answer

The price of a Treasury bill can be calculated using the formula: Price = Face Value / (1 + (yield * (days to maturity/360))). Plugging in the given values: Price = $65,000 / (1 + (0.0305 * (60/360))) = $64,669.58.

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