Suppose That in Order to Buy a Treasury Bill (T-Bill)

question 127

Multiple Choice

Suppose that in order to buy a Treasury bill (T-bill) that matures to $10,000 in 10 months, you must pay $9,750. What rate does this earn? Round your answer to one decimal place. ​

• A)4.3%
• B)1.8%
• C)3.7%
• D)2.5%
• E)3.1%

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Definitions:

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