The given Treasury bill was sold in April of this year. Find (i) the price of the T-bill, and (ii) the actual interest rate paid by the Treasury. Round dollar amounts to the nearest cent and interest rates to the nearest thousandth.One-year $3000 T-bill with discount rate 0.075%
A. (i) $2997.75;
(ii) About 0.075%
B. (i) $2997.30;
(ii) About 0.09%
C. (i) $3002.25;
(ii) About 0.075%
D. (i) $2999.78;
(ii) About 0.008%
Answer: A
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