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Investor A holds a 3 month T-bill with 1000 par value . The required rate of return is 9%. What is the present value of

Investor A holds a 3 month T-bill with 1000 par value . The required rate of return is 9%. What is the present value of this T-bill ? and what is the T - bi bill discount ? please show each step of calculation clearly . image text in transcribed
Investor A holds a 3 month T-bill with 1000 par value. The required rate of retum is st. What is the present value of this T-bill? and what is the T-bill discount? please show each step of calculation clearly

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