How much would you pay for a Treasury bill that matures in one year and pays $10,000

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How much would you pay for a Treasury bill that matures in one year and pays $10,000 if you require a 3% discount rate?

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Financial Markets And Institutions

ISBN: 978-0132136839

7th Edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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Question Posted: Nov 12, 2012 01:11 AM

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How much would you pay for a Treasury bill that matures in one year and pays $10,000

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