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Suppose that you buy $1 million face value of a US Treasury bill maturing 30 July 2022 that is quoted at a discount of 0.06%

Suppose that you buy $1 million face value of a US Treasury bill maturing 30 July 2022 that is quoted at a discount of 0.06% per year for settlement on 2 February 2022. What settlement amount will you pay?

A $999,707.40

B $999,703.33

C $997,033.33

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