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An investor in money markets is considering purchasing a 90-day T-bill for $9,900. The Par value for the T-bill is $10,000. What is the discount
An investor in money markets is considering purchasing a 90-day T-bill for $9,900. The Par value for the T-bill is $10,000. What is the discount rate offered on this bill?
| A) 2% | ||
| B) 3% | ||
| C) 4% | ||
| D) 5% |
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