Multiple Choice
Which of the following best expresses the formula for determining the price of a U.S. Treasury bill that matures n periods from now per $100 of face value when the interest rate is i? ?
A) $100/(1 + i) ⁿ
B) $100(1 + i)
C) $100/(1 + i)
D) 1 + $100/(1 + i) ⁿ
Correct Answer:
Verified
Correct Answer:
Verified
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