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Homework answers / question archive / The discount yield of a 3-month T-bill with a face value of $1,000 is 5%

The discount yield of a 3-month T-bill with a face value of $1,000 is 5%

Finance

The discount yield of a 3-month T-bill with a face value of $1,000 is 5%. What is its price?

Question 1 options:

 

$987.36

 

$989.52

 

$992.73

 

$995.81

Option 1

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