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Question
A treasury bill currently sells for $9,845, has a face value of $10,000 and has 46 days to maturity. What is the bank discount rate on this security?
A. 12.49 percent
B. 12.13 percent
C. 12.30 percent
D. 2 percent
E. None of the options is correct.
Answer
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Related questions
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What is the yield to maturity on this T-Bill?
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