A U.S T-bill quote sheet has 150-day T-bills quoted at a discount rate of 4.93% (quoted for a 360-day year). If the bill has a $300000 face value, an investor could buy this bill for __________.

a.

$298517.50

b.

$285904.89

c.

$285210.00

d.

$314790.00

e.

$293837.50

f.

$300000.00

g.

$293961.54