A treasury bill has a face value of $10000 and matures in 13 weeks. Assuming an interest rate of 12.50%, what is the price of the treasury bill? $2494.00 $9994.00 $9709.84 $8888.89 $10006.00

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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A treasury bill has a face value of $10000 and matures in 13 weeks. Assuming an interest rate of 12.50%, what is the price of the treasury bill?
O $2494.00
$9994.00
O $9709.84
O $8888.89
O $10006.00
SUBMIT ANSWER
Transcribed Image Text:A treasury bill has a face value of $10000 and matures in 13 weeks. Assuming an interest rate of 12.50%, what is the price of the treasury bill? O $2494.00 $9994.00 O $9709.84 O $8888.89 O $10006.00 SUBMIT ANSWER
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