Where P is the quoted price, and Y is the corresponding cash price per USD 100 of face value.
We can make Y the subject of the formula so that:
Y=100−360Pn=100−3605.5×230=96.4861
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Q.4921 Suppose a Treasury bill lasts for 230 days and has a quoted price of 5.5. What is the cash price of the Treasury bill?
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Last updated: July 21, 2026 at 02:10
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A
91.2717
B
96.4861
C
96.5342
D
91.3913
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Q.4921 Suppose a Treasury bill lasts for 230 days and has a quoted price of 5.5. What is the cash price of the Treasury bill? | Financial Risk Manager Part 1 Quiz - LeetQuiz