Suppose that in order to buy a Treasury bill (T-bill) that matures to $10,000 in 10 months, you must pay $9,750. What rate does this earn? Round your answer to one decimal place.
A)4.3%
B)1.8%
C)3.7%
D)2.5%
E)3.1%

Question

Suppose that in order to buy a Treasury bill (T-bill) that matures to $10,000 in 10 months, you must pay $9,750. What rate does this earn? Round your answer to one decimal place. ​
A)4.3%
B)1.8%
C)3.7%
D)2.5%
E)3.1%

Quizplus · Accepted Answer

The Answer of Suppose that in order to buy a Treasury bill (T-bill) that matures to $10,000 in 10 months, you must pay $9,750. What rate does this earn? Round your answer to one decimal place. ​
A)4.3%
B)1.8%
C)3.7%
D)2.5%
E)3.1%

Suppose That in Order to Buy a Treasury Bill (T-Bill)