Question

Inc wants to issue new 6-months bill with zero coupon for some much-needed short-term funding needs...

Inc wants to issue new 6-months bill with zero coupon for some much-needed short-term funding needs
Currently, the market yield for similar bill is 6 percent, if the par value of the bill is $1000, how much will the bill sell
for in the market?

A.$1000
B.$966.18
C.$970.87
D.$1060
E.$95326

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