What is the price of a 183-day Canadian T-bill with a par value of $5,000 that has a quoted yield of 1.1%?

Name: What is the price of a 183-day Canadian T-bill with a par value of $5,000 that has a quoted yield of 1.1%?
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Quizplus · Accepted Answer

The price of a T-bill can be calculated using the formula: Price = Par Value / (1 + (Yield * (Days to Maturity/365))). Substituting the given values: Price = $5,000 / (1 + (0.011 * (183/365))) = $4,972.58.

What Is the Price of a 183-Day Canadian T-Bill with a Par