Maryellen Epplin Notices That a Particular T-Bill Has a Banker's

question 131

Multiple Choice

Maryellen Epplin notices that a particular T-Bill has a banker's discount rate of 9 percent in the Wall Street Journal.She knows that this T-Bill has 20 days to maturity and has a face value of $10,000.
What price is this T-Bill selling for in the market?

• A)$9,100
• B)$10,000
• C)$9,950
• D)$1,900
• E)None of the options is correct.

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Definitions:

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