Question
Determine the issue price, to the nearest dollar, of a 91-day, $100,000 Government of Alberta Treasury Bill that was issued at a discount rate of
Determine the issue price, to the nearest dollar, 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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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
