Question
A newly issued T-Bill with a $10,000 par value sells for $9,750, and has a 90 day maturity. What is the discount? A) 10.26 percent
A newly issued T-Bill with a $10,000 par value sells for $9,750, and has a 90 day maturity. What is the discount?
A) 10.26 percent
B) .26 percent
C) $2,500
D) 10 percent
E) 11 percent
IF someone could give the the answer as well as worked out solutions it would be much appreciated. The correct answer according to the test bank is 10 percent, but i saw other answer elsewhere.
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Aircraft Finance Strategies For Managing Capital Costs In A Turbulent Industry
Authors: Bijan Vasigh, Reza Taleghani, Darryl Jenkins
1st Edition
1604270713, 9781604270716
