Multiple Choice
Solve the problem.
-You purchase a 189-day, $1000 U.S. Treasury bill at 0.36% discount. On the date of maturity, you Will receive $1000. What is the actual rate of interest of the Treasury bill? Express the rate as a Percent rounded to four decimal places.
A) 0.3607%
B) 1.8900%
C) 0.36%
D) 0.0036%
Correct Answer:
Verified
Correct Answer:
Verified
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