Reddit

Explanation:

\text{DR} = \left( \frac{100 - \text{Purchase price on loan or security}}{100} \right) \times \frac{360}{\text{Number of days to maturity}}

= \left( \frac{100 - 89.84}{100} \right) \times \frac{360}{124} = 0.2949 \approx 29.5\%

Comments (0)

No comments yet.

Q.4244 A Canadian Treasury bill is available for purchase this week with a price of $89.84 based on a par value of $100, with its maturity indicated as 124 days. Calculate the discounted rate of this treasury bill. | Financial Risk Manager Part 2 Quiz - LeetQuiz

Financial Risk Manager Part 2

Get started today

Comments (0)

Get started today

Q.4244 A Canadian Treasury bill is available for purchase this week with a price of `$89.84` based on a par value of `$100`, with its maturity indicated as 124 days. Calculate the discounted rate of this treasury bill.

Comments (0)