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.Six-month $11,000 T-bill with discount rate 0.070%
A. (i) $10,999.62;
(ii) About 0.007%
B. (i) $10,995.38;
(ii) About 0.084%
C. (i) $11,003.85;
(ii) About 0.07%
D. (i) $10,996.15;
(ii) About 0.07%
Answer: D
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Absolute maximum at 
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