Question
A $105,000, 182-day Province of New Brunswick Treasury bill was issued 71 days ago.
What will it sell at today to yield the purchaser 4.58%? (Use 365 days a year. Do not round the intermediate calculations. Round your answer to the nearest cent.)
What will it sell at today to yield the purchaser 4.58%? (Use 365 days a year. Do not round the intermediate calculations. Round your answer to the nearest cent.)