Treasury bill-maturity quoted at discount yield

Assignment Help Financial Management
Reference no: EM13894680

How much would you pay for a U.S. Treasury bill with 89 days to maturity quoted at a discount yield of 2.17 percent? Assume a $1 million face value. (Do not round intermediate calculations. Round your answer to 2 decimal places. Enter your answer in dollars not in millions. Omit the "$" sign in your response.)

Price

Reference no: EM13894680

Questions Cloud

Describe with graph the payoff from the portfolio : Describe with a graph the payoff from the following portfolio: a long forward on some asset and a long put option on the same asset with the same maturity as the forward contract, and a strike price that is equal to the forward price at the time the ..
Description of the theoretical perspective you chose : A description of the theoretical perspective you chose, and then discuss its advantages over other theoretical perspectives. Include a rationale for why this perspective would be relevant to your potential future area of psychological practice
Why do marginal cost curves intersect both the average : 1.Why do marginal cost curves intersect both the average variable cost curve and the average cost curve at their lowest point?
What is the price of treasury strips with face value : What is the price of a Treasury STRIPS with a face value of $100 that matures in 8 years and has a yield to maturity of 8.0 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.
Treasury bill-maturity quoted at discount yield : How much would you pay for a U.S. Treasury bill with 89 days to maturity quoted at a discount yield of 2.17 percent? Assume a $1 million face value.
What is a solid state storage device : What is a solid state storage device?
What is the investment for each strategy : The current price of a stock is $94 and 3 month call options with a strike price of $95 currently sell for $4.70 (for one option). An investor who feels that the price of the stock will increase is trying to decide between two strategies: What is the..
Profitability ratios measure : Profitability ratios measure
Examples of possible distortion in reported income : All of the following are common examples of possible distortion in reported income except

Reviews

Write a Review

Financial Management Questions & Answers

  What is the projects operating cash flow for the first year

The financial staff of Cairn Communications has identified the following information for the first year of the roll-out of its new proposed service. What is the project's operating cash flow for the first year

  Vanadian currency-the plumbum

A year ago the Vanadian currency, the plumbum (VAP), had a mid-rate of VAP 6.5 to the dollar. Today it is VAP 8.7 per dollar. Has the VAP appreciated or depreciated against the dollar? By what percentage?

  Explain what is the nominal interest rate

What is the nominal interest rate on a 7-year Treasury security? Round your answer to two decimal places.

  What is the component cost of debt

To help finance a major expansion, Castro Chemical Company sold a no callable bond several years ago that now has 20 years to maturity. This bond has a 9.25% annual coupon, paid semi-annually, sells at a price of $875, and has a par value of $1,000. ..

  What is the operating cash flow

Your firm has net income of $259 on total sales of $1,100. Costs are $620 and depreciation is $110. The tax rate is 30 percent. The firm does not have interest expenses. What is the operating cash flow?

  Estimate the present value of the cash flows

Suppose you deposit $ 2,000 today and your account will accumulate to $ 4,000 in 10 years. What is the nominal annual rate of interest, given semiannual compounding? HKL Co. plans a new project that will generate $ 170,000 of continuous cash flow eac..

  Manufacturing of wide range of consumer products

Carlyle Chemicals is evaluating a new chemical compound used in the manufacturing of a wide range of consumer products. The firm is concerned that inflation in the cost of raw materials will have an adverse effect on the projects cash flows. what rec..

  What was the firms operating cash flow

The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.7 million, and the 2014 balance sheet showed long-term debt of $2.9 million. The 2014 income statement showed an interest expense of $140,000. What was the firm’s 2014 o..

  Investment Return-percent return

Investment Return MedTech Corp stock was $51.05 per share at the end of last year. Since then, it paid a $0.55 per share dividend. The stock price is currently $62.60. If you owned 300 shares of MedTech, what was your percent return?

  Assumption for future dividend growth rate

Our company is Target? First search the Yahoo finance and find the target data? Use dividend discount model to calculate the cost of equity Explain and conceptually justify your assumption for future dividend growth rate

  One-year treasury securities yield

One-year Treasury securities yield 5%. The market anticipates that 1 year from now, 1 year Treasury securities will yield 6%. If the pure expectations theory is correct, what is the yield today for 2-year Treasury securities? Calculate the yield usin..

  Accumulate depreciation on the balance sheet

How does depreciation expense on the income statement relate to accumulate depreciation on the balance sheet?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd