U)S. Treasury bills pay no interest but are sold at a ________. That is,you will pay a lower purchase price than the amount you receive at maturity.
A)premium
B)collateral
C)default
D)discount

Question

Quizplus · Accepted Answer

Treasury bills are sold at a discount from their face value, meaning that you pay less than the amount you will receive at maturity. For example, you might pay $9,800 to purchase a $10,000 Treasury bill that will pay $10,000 at maturity, resulting in a $200 profit.

U)S Treasury Bills Pay No Interest but Are Sold at a ________