Multiple Choice
Suppose an investor purchases a 91 days Treasury bill with a face value of ?2,00,000 for ?1,92,000. By holding the bill until the maturity date, the investor receives ?2,00,000. What is the amount of interest received by him?
A) ?8,000
B) ?80,000
C) ?3,92,000
D) ?2,00,000
Correct Answer:
Verified
Correct Answer:
Verified
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