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The Given Treasury Bill Was Sold in April of This $3000 T\$ 3000 \mathrm{~T}

Question 64

Multiple Choice

The given Treasury bill was sold in April of this year. Find (i) the price of the T-bill, and (ii) the actual interest rate paid by the Treasury. Round dollar amounts to the nearest cent and interest rates to the nearest thousandth.
-Three-month $3000 T\$ 3000 \mathrm{~T} -bill with discount rate 0.125%0.125 \%


A) (i) $2998.88\$ 2998.88 ;
(ii) About 0.15%0.15 \%
B) (i) $2999.91\$ 2999.91 ;
C) (i) $2999.06\$ 2999.06 ;
(ii) About 0.013%0.013 \%
(ii) About 0.125%0.125 \%
D) (i) $3000.94\$ 3000.94 ;
(ii) About 0.125%0.125 \%

Correct Answer:

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