Determine the Issue Price of a 91-Day, $100,000 Government of Alberta

question 72

Multiple Choice

Determine the issue price of a 91-day, $100,000 Government of Alberta Treasury Bill that was issued at a discount rate of 5.75%.

• A) $98,587
• B) $94,250
• C) $96,194
• D) $100,000
• E) $101,434

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