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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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