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

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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 nearest dollar?

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$9,615.38

$10,000

$9,708.7

None of the above.

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Related Book For answer-question

Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: Jul 01, 2024 11:00 AM

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

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Principles of Finance

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