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.Three-month $5000 T-bill with discount rate 0.120%
A. (i) $5001.50;
(ii) About 0.12%
B. (i) $4998.20;
(ii) About 0.144%
C. (i) $4998.50;
(ii) About 0.12%
D. (i) $4999.85;
(ii) About 0.012%
Answer: C
Mathematics
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