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Mr. Sharma wishes to purchase a 91 day T-bill of face value Rs.100, maturing after 60 days

Mr. Sharma wishes to purchase a 91 day T-bill of face value Rs.100, maturing after 60 days

Mr. Sharma wishes to purchase a 91 day T-bill of face value Rs.100, maturing after 60 days. If, on maturity, he wishes to earn a yield of 11.5%, the purchase price of T-bill for Mr. Sharma should be


[A]Rs.88.50
[B]Rs.92.21
[C]Rs.97.22
[D]Rs.98.14

Roshan kumar 27-Dec-2017

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