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The given Treasury bill was sold in April of this year. Find (i) the price of the T-bill, and (ii) the actual interest rate paid
The given Treasury bill was sold in April of this year. Find (i) the 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. Three-month $8,000 T-bill with discount rate 0.130% O A. The price of the T-bill is about $7,996.88, and the actual interest rate is about 0.156%. O B. The price of the T-bill is about $7,997.40, and the actual interest rate is about 0.130%. OC. The price of the T-bill is about $7,999.74, and the actual interest rate is about 0.013%. OD. The price of the T-bill is about $8,002.60, and the actual interest rate is about 0.130%
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