You Bought a $100 000 91-Day T-Bill for $99 453

Multiple Choice

You bought a $100 000 91-day T-bill for $99 453.67 61 days before maturity. What discount rate was used?

A) 3.29%
B) 2.39%
C) 3.49%
D) 4.39%
E) 3.99%