Multiple Choice
A treasury bill currently sells for $9,845,has a face value of $10,000 and has 46 days to maturity.What is the bank discount rate on this security?
A) 12.49 percent
B) 12.13 percent
C) 12.30 percent
D) 2 percent
E) None of the options is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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