Typically, _____ are purchased at a price less than the principal due at maturity.

Name: Typically, _____ are purchased at a price less than the principal due at maturity.
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Treasury bills are typically purchased at a discount to their face value (the principal) and mature at par (face value). This means investors buy them for less than their nominal value and receive the nominal value at maturity, earning the difference as interest.

Typically, _____ Are Purchased at a Price Less Than the Principal