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When an investor purchases a six-month (182-day) T-bill with a $10,000 par value for $9,700, the Treasury bill discount is ____ percent. a. 5.93 b.
When an investor purchases a six-month (182-day) T-bill with a $10,000 par value for $9,700, the Treasury bill discount is ____ percent.
| a. | 5.93 |
| b. | 6.12 |
| c. | 6.20 |
| d. | 6.02 |
| e. | none of the above |
If someone could give the written out answer as well it would be much apprecaited. thanks!
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