question archive An investor purchased 187500QAR in 365-day T-bills 310 days before maturity to yield 3

An investor purchased 187500QAR in 365-day T-bills 310 days before maturity to yield 3

Subject:FinancePrice:2.86 Bought12

An investor purchased 187500QAR in 365-day T-bills 310 days before maturity to yield 3.25%. The investor sold the T-bill 125 days later to yield 3.55%. How much did the investor pay for the T-bill? Answers should be rounded to 2 digits after the decimal point.

Option 1

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2.86 USD

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