T-bills are priced per $100 of maturity value. The calculator will calculate either the "Current Price" or the "Discount Rate". Enter one value and '0' (zero) for the unknown value. Often the t-bill bidder will know they want to receive a discount rate equal to 'X'. Enter that rate and the calculator will calculate the price that they can not bid above in order to achieve the desired rate.
Use our bond with coupon calculator if you need to calculate price, yields or other attributes if the bonds you are interested in pays coupon interest.
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