On 2018-05-08, Muhammad and Priyanka each buy a Tbill with a face value of $4,000. 12-30. Muhammad computes the price using the interest rate 2.375%. Priyanka comp discount rate 2.375%. True or false: Muhammad pays less than Priyanka. Select one: O True O False Certainty: OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC-3 (Quite sure: >80%)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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the math of interest. please indicate if you are unsure or totally sure about the answer

On 2018-05-08, Muhammad and Priyanka each buy a Tbill with a face value of $4,000.00 and a maturity of 2018-
12-30. Muhammad computes the price using the interest rate 2.375%. Priyanka computes the price using the
discount rate 2.375%. True or false: Muhammad pays less than Priyanka.
Select one:
O True
O False
Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 (Quite sure: >80%)
Transcribed Image Text:On 2018-05-08, Muhammad and Priyanka each buy a Tbill with a face value of $4,000.00 and a maturity of 2018- 12-30. Muhammad computes the price using the interest rate 2.375%. Priyanka computes the price using the discount rate 2.375%. True or false: Muhammad pays less than Priyanka. Select one: O True O False Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 (Quite sure: >80%)
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