A Newly Issued T-Bill with a $10,000 Par Value Sells

question 39

Multiple Choice

A newly issued T-bill with a $10,000 par value sells for $9,750, and has a 90-day maturity. What is the discount?

• A)10.26 percent
• B)0.26 percent
• C)$2,500
• D)10.00 percent
• E)11.00 percent

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Definitions:

Affection and Attachment

Emotional bonds that form between individuals, characterized by a desire for closeness and a sense of security.

Situational Compliance

The adjustment of an individual's behavior to align with the demands or norms of a particular situation.

Conscience

Internal standards of behavior, which usually control one’s conduct and produce emotional discomfort when violated.

Autonomy

The ability or right of individuals to make their own decisions without interference from others.