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Inc wants to issue new 6-months bill with zero coupon for some much-needed short-term funding needs Currently, the market yield for similar bill is 6

Inc wants to issue new 6-months bill with zero coupon for some much-needed short-term funding needs Currently, the market yield for similar bill is 6 percent, if the par value of the bill is $1000, how much will the bill sell for in the market?

A.$1000 B.$966.18 C.$970.87 D.$1060 E.$95326

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