An Investor Bought a 91-Day $25,000 Treasury Bill to Yield

Multiple Choice

An investor bought a 91-day $25,000 Treasury Bill to yield r = 3.5%.The investor sold the T-bill 40 days later to another investor who wishes to yield r = 3.25%.What price did the T-bill sell for?

A) $25,104.15
B) $25,089.04
C) $24,886.99
D) $24,880.37