Question There are several ways in which interest rates can be quoted. Which of the following statements is not true? Possible Answers A U.S. Treasury bill is quoted using a simple discount rate d: Price = (Maturity value) (1 - 360 (a)) A B 360 For a U.S. T-bill: Quoted rate = Number of days X Dollar amount of interest Maturity value of the T-bill Maturity value A Government of Canada Treasury bill is quoted using a simple interest rate i: Price n 1+ (i) 365 D For a Government of Canada Treasury bill: Quoted rate 365 Number of days Dollar amount of interest Current price of the T-bill E The quoted rate on a T-bill is a more accurate representation of the growth rate than the compound interest rate that is given by: Price = (Maturity value)(1+i)-n/365