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    Exam 8: Time Value of Moneypart I: Future and Present Value of Lump Sums
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    N Trest Bought a $10,000 Treasury Bill at a 1
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N Trest Bought a $10,000 Treasury Bill at a 1

Question 26

Question 26

Multiple Choice

N. Trest bought a $10,000 Treasury bill at a 1.32% discount for 13 weeks (91 days) . How much does N pay for the bond?


A) $10,000
B) $9,967.09
C) $9,870.54
D) $9,685.90

Correct Answer:

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