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The given treasury bill was sold in April of this year. Find the (i)price of the T-Bill, and (ii) the actual interest rate paid by
The given treasury bill was sold in April of this year. Find the (i)price of the T-Bill, and (ii) the actual interest rate paid by the treasury. Round dollar amounts to the nearest cent and interest rates to the nearest thousandth.
One Year $3,000 T-bill with discount rate 0.0075%
A.) (i)$2997.75 ; (ii) About 0.075%
B.) (i)$3002.25 ; (ii) About 0.075%
C.) (i)2997.30 ; (ii) About 0.09%
D.) (i)2999.78 ; (ii) About 0.008%
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