Determine the Issue Price of a 91-Day, $100,000 Government of Alberta

question 56

Multiple Choice

Determine the issue price of a 91-day, $100,000 Government of Alberta Treasury Bill that was issued at a discount rate of 5.75% simple interest.

• A) $98,587
• B) $94,250
• C) $96,194
• D) $100,000
• E) $101,434

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Definitions:

Bowel Control

The ability to manage the timing of defecation, where loss of this control is referred to as fecal incontinence.

Simple Reflex Action

A basic, rapid, and involuntary response to a stimulus by the nervous system.

No Interpretation

A directive or condition where received data or information is not to be analyzed or explained.

Decision Required

A situation or status indicating that a choice or judgment needs to be made to proceed.