Louis Is Evaluating a Treasury Bill

question 66

Multiple Choice

Louis is evaluating a Treasury Bill.It is a $1 million face value with a discount of 3.25% and maturing in 182 days.What is the purchase price?

• A) $1,000,000.00
• B) $967,138.89
• C) $983,569.44
• D) $1,032,500.00

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Definitions:

Industrial Distributor

An entity engaged in the wholesale distribution of industrial products to businesses and professional users.

Marketing Channel Functions

The various roles and activities performed by the intermediaries within the marketing channel, including distribution, logistics, and facilitating transactions.

Stocking

The process of replenishing goods in a store or warehouse to ensure sufficient supply for consumer demand.

Indirect Channel

A distribution method that involves intermediaries or middlemen to get the product from the manufacturer to the consumer.