The Central bank of Oman issued treasury bills with 180 days maturity and at a discount rate of 6 percent. Calculate the present value or the market price of the treasury bill assuming the face value(FV) to be 100. Select one: a. 96.60 b. None of these c. 97.04 d. 95.40

The Central bank of Oman issued treasury bills with 180 days maturity and at a discount rate of 6 percent. Calculate the present value or the market price of the treasury bill assuming the face value(FV) to be 100. Select one: a. 96.60 b. None of these c. 97.04 d. 95.40

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter22: International Financial Management

Section: Chapter Questions

Problem 1P

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a. 96.60

b. None of these

c. 97.04

d. 95.40

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