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 $17,000 T-bill with discount rate 0.130%
A. (i) $17,011.05;
(ii) About 0.13%
B. (i) $16,998.90;
(ii) About 0.013%
C. (i) $16,988.95;
(ii) About 0.13%
D. (i) $16,986.74;
(ii) About 0.156%
Answer: C
Mathematics
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