The maturity of treasury bill

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The Maturity of a U.S. Treasury Bill

Please find the number of days to maturity (n) for a U.S. Treasury Bill with an investment rate of 2.48% (or .0248), a Face Value of $10,000, and a Market Price of $9,925. Please show your work and carry your calculations to four decimal places. Round-off your final answer, days to maturity, to the nearest day.

Reference no: EM131459104


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