You would like to purchase a t-bill that has a 10000 face, Financial Management

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You would like to purchase a t-bill that has a 10000 face

You would like to purchase a T-bill that has a $10,000 face value and is 68 days from maturity. The current price of the Treasury bill is $9,875. Calculate the discount yield on this T-bill. (Use 360 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))

Discount yield %------

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Financial Management: You would like to purchase a t-bill that has a 10000 face

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