The yield on a bank discount basis on a T-bill with 90 days to maturity and...

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The yield on a bank discount basis on a T-bill with 90 days to maturity and $1 million face value is 8%. What is the price of the T-bill, considering 360 days in a year? Select an option Clear Response $24,000 $16,000 $18,000 $20,000 The yield on a bank discount basis on a T-bill with 90 days to maturity and $1 million face value is 8%. What is the price of the T-bill, considering 360 days in a year? Select an option Clear Response $24,000 $16,000 $18,000 $20,000