Multiple Choice
Suppose that in order to buy a Treasury bill (T-bill) that matures to $10,000 in 10 months, you must pay $9,750. What rate does this earn? Round your answer to one decimal place.
A) 4.3%
B) 1.8%
C) 3.7%
D) 2.5%
E) 3.1%
Correct Answer:
Verified
Correct Answer:
Verified
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