N Trest Bought a $10,000 Treasury Bill at a 18

question 38

Multiple Choice

N. Trest bought a $10,000 Treasury bill at a 18% discount for 13 weeks (91 days) . How much does N pay for the bond?

• A) $10,000
• B) $9551.23
• C) $8,732.73
• D) $8,548.95

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