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PLEASE ANSWER THE FOLLOWING QUESTION ASAP.. Muhammad buys a T-bill with a face value of $20,000.00 on 2020-02-24 that matures on 2020-12-04. The annual simple

PLEASE ANSWER THE FOLLOWING QUESTION ASAP..

Muhammad buys a T-bill with a face value of $20,000.00 on 2020-02-24 that matures on 2020-12-04. The annual simple interest rate is 4.375%, and the daycount convention is ACT/365. What price P does he pay?

a. P = $19,468.27.

b. P = $19,863.32.

c. P = $19,341.59.

d. P = $19,599.95.

e. P = $19,534.11.

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