A treasury bill currently sells for $9,845,has a face value of $10,000 and has 46 days to maturity.What is the bank discount rate on this security?
A)12.49 percent
B)12.13 percent
C)12.30 percent
D)2 percent
E)None of the options is correct.

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The Answer of A treasury bill currently sells for $9,845,has a face value of $10,000 and has 46 days to maturity.What is the bank discount rate on this security?
A)12.49 percent
B)12.13 percent
C)12.30 percent
D)2 percent
E)None of the options is correct.

A Treasury Bill Currently Sells for $9,845,has a Face Value