QUESTION 15 Which comes closest to the price today of a U.S. Treasury bill that offers the amount of $10,000 in 13 weeks if the interest rate is 3.5%? $9,914 $9,891 $9,867 $10,025 $9,938

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter21: International Cash Management
Section: Chapter Questions
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QUESTION 15
Which comes closest to the price today of a U.S. Treasury bill that offers the amount of $10,000 in 13 weeks if the interest rate is 3.5%?
$9,914
$9,891
$9,867
$10,025
$9,938
Transcribed Image Text:QUESTION 15 Which comes closest to the price today of a U.S. Treasury bill that offers the amount of $10,000 in 13 weeks if the interest rate is 3.5%? $9,914 $9,891 $9,867 $10,025 $9,938
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