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The Given Treasury Bill Was Sold in April of This $10,000 T\$ 10,000 \mathrm{~T}

Question 100

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.
-Six-month $10,000 T\$ 10,000 \mathrm{~T} -bill with discount rate 0.085%0.085 \%


A) (i) $10,004.25\$ 10,004.25 ;
(ii) About 0.085%0.085 \%
B) (i) $9994.90\$ 9994.90 ;
C) (i) $9999.58\$ 9999.58 ;
(ii) About 0.009%0.009 \%
(ii) About 0.102%0.102 \%
D) (i) $9995.75\$ 9995.75 ;
(ii) About 0.085%0.085 \%

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