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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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