Ninety days ago, you purchased a 180-day Treasury bill with a face value of $1...
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Finance
Ninety days ago, you purchased a 180-day Treasury bill with a face value of $1 million. At the time, the yield to maturity on the bill was 5.0% p.a. The current yield to maturity on the bill is 7.0% p.a. The price of the bill today is closest to:
$983,033.
$987,821.
$975,936.
$966,631.
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