You purchase a six-month (182-day)T-bill with a $10,000 par value for $9,800. The Treasury bill discount is ____ percent.

Name: You purchase a six-month (182-day)T-bill with a $10,000 par value for $9,800. The Treasury bill discount is ____ percent.
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The Treasury bill discount is calculated using the formula: Discount = [(Par Value - Purchase Price) / Par Value] * (360 / Days to Maturity) * 100. Substituting the given values: [(10,000 - 9,800) / 10,000] * (360 / 182) * 100 = 3.96%.

You Purchase a Six-Month (182-Day)T-Bill with a $10,000 Par Value