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 -bill with discount rate
A) (i) ;
(ii) About
B) (i) ;
C) (i) ;
(ii) About
(ii) About
D) (i) ;
(ii) About
Correct Answer:

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Correct Answer:
Verified
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