What is the price of a 95 days, $150,000 Government of Canada treasury bill that yields 0.53% per annum
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Given : $150,000 Government of Canada treasury bill Yields 0.53 % per annum
To find : price of 95 days
Solution:
P = $150,000
R = 0.53 % per annum
T = 95 days = (95/365) = 19/73 Years
SI = P * R * T / 100
Price = P + SI
= 150,000 + 150,000 x (0.53) x (19/73) / 100
= 150,000 + 206.92
= 150,206.92 $
price of a 95 days, $150,000 Government of Canada treasury bill that yields 0.53% per annum = 150,206.92 $
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