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Find the price of a T-Bill with face value $100, 3 months to maturity, and an annual yield of 4%. a. 96.15 b. 100.00 c.
Find the price of a T-Bill with face value $100, 3 months to maturity, and an annual yield of 4%.
| a. | 96.15 | |
| b. | 100.00 | |
| c. | 99.01 | |
| d. | 104.00 | |
| e. | 101.00 |
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