When an investor purchases a six-month (182-day) T-bill with a $10,000 par value for $9,700, the Treasury bill discount is ____ percent.

Name: When an investor purchases a six-month (182-day) T-bill with a $10,000 par value for $9,700, the Treasury bill discount is ____ percent.
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The Treasury bill discount is calculated as [(Par Value - Purchase Price) / Par Value] * (360 / Days to Maturity). For this T-bill: [($10,000 - $9,700) / $10,000] * (360 / 182) = 5.93%.

When an Investor Purchases a Six-Month (182-Day) T-Bill with a $10,000