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you just purchased a 91-day money market security. The security par value is $985,000. It is quoted at a discount rate of 4.25% on a

you just purchased a 91-day money market security. The security par value is $985,000. It is quoted at a discount rate of 4.25% on a 360-day year basis. What price did you pay for this security? Pick the closest answer.

		A. $944,844
		B. $924,355
		C. None of the choices
		D. $937,826
		E. $974,418

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