Answer :
Final answer:
The price of the T-bill with a face value of $10,000, 153 days to maturity, and a discount yield of 1.74 percent, calculated using the standard formula for a T-bill price, comes out to be $9926.05.
Explanation:
To calculate the price of T-bill, you can use the formula for the price of a T-bill, which is given by:
Price = Face Value - (Discount Yield * (Days to Maturity/360) * Face Value)
When we plug the provided values into this formula, we get:
Price = $10,000 - [0.0174 * (153/360) * $10,000]
By performing the above mathematical operations, the price of the t-bill comes out to be $9926.05
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