You Bought $150 000 in 364-Day T-Bills

Multiple Choice

You bought $150 000 in 364-day T-bills. The T-bills were discounted at a rate of 4.432%. If you paid $148 811.24 for the T-bills, how many days before maturity did you buy it?

A) 6.527 days
B) 605.27 days
C) 56.27 days
D) 52.67 days
E) 65.79 days