What is the discount rate on the t-bill

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Reference no: EM131935767

1. Which of the following is subject to income tax?

A. Unemployment compensation benefits

B. Cash or property received by gift

C. Gain on the sale of a principal residence

D. Specific employee fringe benefits

2. A bank purchases a new 52-week $960,000 face value Treasury bill for $920,000. What is the discount rate on the T-Bill (Hint: A 52-week T-bill has an original maturity of 364 days) ?

4.95%

5.00%

4.12%

5.16%

5.26%

Reference no: EM131935767

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