Assume investors require a 4 rate of return semi-annual


Suppose the U.S. Government just issued a Treasury bill (pure discount loan) that promises to pay investors $1,000 exactly 1 year from today. Assume investors require a 4% rate of return (semi-annual compounding), calculate the present value (price) of this security. (Enter a positive value and round to 2 decimals)

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Financial Management: Assume investors require a 4 rate of return semi-annual
Reference No:- TGS02361791

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