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YouTube T3-24: Quote versus cash price of US Treasury bill

Nicole Seaman

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A US Treasury bill is a (money market) discount instrument: the quoted price represents a discount from the face value. In this example, a quote price of 8.00 on a 90-day US Treasury bill implies a cash price of $98.00 and a true interest rate of 8.163% per annum

David's XLS is here: https://trtl.bz/2vjl0HM