Maturity quoted at a discount yield

Assignment Help Financial Management

Reference no: EM13806150

What is the price of a U.S. Treasury bill with 76 days to maturity quoted at a discount yield of 1.90 percent? Assume a $1 million face value. (Enter your answer in dollars not in millions. Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response. )

Price $

Reference no: EM13806150

Questions Cloud

Accumulate enough money for a down payment : Chin order to accumulate enough money for a down payment on a house, a couple deposits $313 per month into an account paying 3% compounded monthly. If payments are made at the end of each period, how much money will be in the account in 6 years.

Determine the break-even point : Davison Toaster Corp. sells its products for $100 per unit. It has the following costs: not enough information has been provided to determine the break-even point.

Write an equation for the cost function : A company is planning to manufacture snowboards. The fixed costs are $100 per day and total cost are $5700 per day at a daily output of 20 boards. Assuming that the total cost per day, c(X), is linearly related to the total output per day, x, write a..

Locked into its first interpretation of statute : Should an administrative agency be locked into its first interpretation of statute? In the ruling that the Supreme Court reviewed in the case FCC vs. Fox television, did the us court of appeals for the second court reject the face reasons for its act..

Maturity quoted at a discount yield : What is the price of a U.S. Treasury bill with 76 days to maturity quoted at a discount yield of 1.90 percent? Assume a $1 million face value.

What is the yield to maturity on treasury strips : What is the yield to maturity on a Treasury STRIPS with 11 years to maturity and a quoted price of 63.695?

What was the approximate inflation rate : Your investments increased in value by 12.6 percent last year but your purchasing power increased by only 9.0 percent. What was the approximate inflation rate?

Price of the stock next year using dividend discounts model : Boeing has a current price per share of $141.63, a dividend per share of $3.64, earnings per share of $8 and the expectation that next year’s earnings will be $8.50 per share. if the percentage change in the earnings per share is a proxy for the expe..

What is the return from this investment : A parent decides to buy a two bedroom condo for $65,000 by putting 10% down and financing the rest for 15 years at an annual rate of 3.5%. What is the monthly payment? One bedroom is rented out to a roommate for $400 a month (payment received at the ..

User Account

All Pages