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Home Q & A Board Science-Related Homework Help Mathematics
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Pardeep Pardeep
wrote...
A year ago
An investment dealer bought a 182-day Canada T-bill with a face value of $100,000 to yield an annual return of 0.95%. Find the purchase price.
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wrote...
#1
A year ago
To find the purchase price of the T-bill, we can use the formula:

Purchase price = Face value / (1 + (r * d/365))

where r is the annual rate of return, d is the number of days until maturity, and 365 is the number of days in a year.

Substituting the values given in the problem, we get:

Purchase price = $100,000 / (1 + (0.0095 * 182/365))
= $100,000 / 1.004745
= $99,253.61

Therefore, the purchase price of the 182-day Canada T-bill is $99,253.61.
Source  https://biology-forums.com/index.php?topic=819894.0
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