You Purchase a 182-Day Treasury Bill for $240,000 at a Rate

Multiple Choice

You purchase a 182-day treasury bill for $240,000 at a rate of 3.546%. What did you sell it for 111 days before maturity if the new interest rate is 3.778%?

A) $238 220.20
B) $238 320.20
C) $238 200.20
D) $238 100.20
E) $241 469.24