A 128-day, $100,000 T-bill was initially issued at a price that would yield the buyer 1.19%. If the yield required by the market remains at 3.19%. If the t-bill was sold to earn 1.75% twenty days prior to maturity, how much money in interest did the initial owner earn? Multiple Choice $318.98 $318.87 $317.87 $319.78 $320.90

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A 128-day, $100,000 T-bill was initially issued at a price that would yield the buyer 1.19%. If the yield required by the market remains at 3.19%. If the t-bill was sold to earn 1.75% twenty days prior to maturity, how much money in interest did the initial owner earn?

Multiple Choice

$318.98

$318.87

$317.87

$319.78

$320.90

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