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Which of the following best expresses the formula for determining the price of a U.S. Treasury bill that matures n periods from now per $100

Which of the following best expresses the formula for determining the price of a U.S. Treasury bill that matures n periods from now per $100 of face value when the interest rate isi?

Multiple Choice

  • $100/(1 +i)n
  • $100(1 +i)
  • $100/(1 +i)
  • 1 + $100/(1 +i)n

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