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An investor in money markets is considering purchasing a 90-day T-bill for $9,900. The Par...

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Accounting

An investor in money markets is considering purchasing a 90-day T-bill for $9,900. The Par value for the T-bill is $10,000. What is the discount rate offered on this bill?

A) 2%

B) 3%

C) 4%

D) 5%

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