You Purchase a Six-Month (182-Day)T-Bill with a $10,000 Par Value

question 29

Multiple Choice

You purchase a six-month (182-day) T-bill with a $10,000 par value for $9,800. The Treasury bill discount is ____ percent.

• A)3.96
• B)4.09
• C)6.20
• D)3.56
• E)None of these are correct.

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Definitions:

Principal

An individual who hires another (an agent) to act on his or her behalf.

Incentivize

To motivate or encourage someone by providing a reward or incentive.

Fruit Pickers

Laborers who are employed in agriculture to manually harvest fruits from plants and trees.

Compensation

Payment or rewards given to employees for their work or services.