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  3. 4. if you pay $980 for a 91-day t-bill. it is wort

4. If you pay $980 for a 91-day T-bill. It is worth $1,000 at maturity....

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Accounting

4. If you pay $980 for a 91-day T-bill. It is worth $1,000 at maturity. What is the discount rate?

A. 8.19%

B. 7.91%

C. 8.07%

D. 8.91%

Answer & Explanation Solved by verified expert
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