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If a $10,000 par T-bill has a 4 percent discount rate and one year to maturity, what is the price of the T-bill to the

If a $10,000 par T-bill has a 4 percent discount rate and one year to maturity, what is the price of the T-bill to the nearest dollar?

Group of answer choices

$9,615.38

$10,000

$9,708.7

None of the above.

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