A Treasury Bill Has a Face Value of $200,000, an Asked

question 97

Multiple Choice

A Treasury bill has a face value of $200,000, an asked yield of 2.12 percent, and matures in 28 days. What is the price of this bill?

• A) $199,397.19
• B) $199,408.08
• C) $199,531.76
• D) $199,670.22
• E) $199,717.08

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