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Find the price of a T-bill with six months to maturity and a face value...

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Accounting

Find the price of a T-bill with six months to maturity and a face value of $1,000,000 and an annual yield of 2.5%. Note: T-bills are zero coupon securities.

A. $987,654

b. $975,610

C. $1,012,500

D. $1,025,000

E. $1,000,000

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