Question: 1. How much will you pay for a 91-day $10,000 Treasury bill in order to have an annualized yield of 6% if held to maturity?

1. How much will you pay for a 91-day $10,000 Treasury bill in order to have an annualized yield of 6% if held to maturity? ____ A) $12,000 B) $10,000 C) $9,850 D) $9,000

the anwser is c

i just wanted an explanation of the math part and exactly how we used the formula.

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