The Central bank of Oman issued treasury bills with 180 days maturity and at a discount rate of 6 percent. Calculate the present value or the market price of the treasury bill assuming the face...

The Central bank of Oman issued treasury bills with 180 days maturity and at a discount rate of 6 percent. Calculate the present value or the market price of the treasury bill assuming the face value(FV) to be 100. ( assume 1 year = 365)
Select one:

a. 96.60

b. None of these