What day does he sell the t-bill

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Question: Muhammad owns a T-bill with a face value of $39,000 maturing on 2016-12-04. He wants to sell it on the first day the price exceeds $37,869.58. The simple interest rate is 7.875% and the daycount convention is ACT/365. On what day does he sell the T-bill?

Reference no: EM133611499

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