Manager hold a position ona forward contract on 20 million face value 80-day T-bills priced at 1.85% on a discount yield basis. At settlement, 80-day T-bills are priced at 1.95% on a discount yield basis. How much will the portfolio manager have to pay at the settlement for the T-bills?
(answer: 19 917 780)
cant get through it ?!?!
Thanks for your explan!
(answer: 19 917 780)
cant get through it ?!?!
Thanks for your explan!