Economics of Money and Banking / Perry G Mehrling / Ders 1

Calculate the Price and Yield of a Treasury Bill

Days to maturity 296 days

Ask Rate :0.363

USA Treasury bills are quoted on discount basis.(360 basis)

P = S* (1-d * days/360)

P= 100* (1-00363 *296/360)
P= 99.70$

Yield

(100 -99.70 /99.70) *365/296 = %0.37

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