On 2022-06-11, Avishek and Xenia each buy a Tbill with a face value of $3,000.00 and a maturity of 2023-04-10. Avishek computes the price using the interest rate 6.875%. Xenia computes the price using the discount rate 6.875%. True or false: Avishek pays less than Xenia.

On 2019-03-05, Eduardo pays $22,102.05 for a Tbill with a face value of $23,000.00 and a maturity of 2019-09-21. He computes both the corresponding simple discount rate d, and the simple interest rate r. True or false: d > r.

On 2020-01-18, Xenia buys a T-bill with a face value of $25,000.00 that matures on 2020-09-11. She pays $23,475.69. Calculate the simple interest rate using the daycount convention ACT / 365.

a. 9.6%

b. 9.8%

c. 9.9%

d. 10%

e. 9.5%