Cryptocurrency Q&A
How much does a $1000 T bill cost?
How much does a $1000 T bill cost?
alexander_clark_designer
Mon Jul 01 2024
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8 answers
1661
Excuse me, I'm curious about the pricing mechanism of Treasury Bills, specifically the $1000 denomination. Could you please explain to me how much a $1000 Treasury Bill costs? I understand that the price is not necessarily the face value, but rather a discounted price based on various factors like interest rates and market conditions. I'm just wondering what the approximate cost would be for such a bill, considering the current market environment. Could you provide me with a rough estimate, or perhaps elaborate on the pricing process? Thank you for your time and assistance.
8 answers
BlockchainLegend
Wed Jul 03 2024
To determine the price, commence with the base calculation.
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Riccardo
Wed Jul 03 2024
Multiply 180 days by 1.5, resulting in 270.
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Daniela
Wed Jul 03 2024
Next, divide 270 by 360 to acquire 0.75.
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KatanaSharpened
Tue Jul 02 2024
From 100, subtract the obtained value of 0.75.
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Maria
Tue Jul 02 2024
The final calculated price for the $1,000 Treasury bill is $992.50.
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