Question 14 (1 point) A new issue 92 day US treasury bill is offered at a rate of 2.250%. If an investor wanted to purchase USD1,000,000 face value of these bills how much would they pay today? USD994,250.00 USD994,327.87. USD994,328.77. USD1,000,000.00 Question 15 (1 point) An investment offers a one time payment of 10,000.00 in exactly three years. If you want to earn a return of 5.00% annually over the period what is the price would you pay today? 8500.00 8576.97 8638.38. 8700.37. Question 16 (1 point) Which of the following would directly result in a current year Income Statement expense? Buying back shares. Creating a trade payable for a supplier's bill for raw materials. Paying for a casualty insurance policy covering next year's fire & flood risks. Paying interest on a loan financing the development of an asset not yet in use. Previous Page Next Page na 10