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Q10. A zero-coupon, U.S. Treasury Bill is sold-to-yield 2.446% and has 2.825 years to maturity. Assume that the bond has a face value of $100

Q10. A zero-coupon, U.S. Treasury Bill is sold-to-yield 2.446% and has 2.825 years to maturity. Assume that the bond has a face value of $100 and that compounding is annual. Determine the bonds present value and then convert the dollar amount to the nearest 1/32s. A. 90:26 B. 91:13 C. 92:30 D. 93:13 E. 95:09

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