2015 April no4 An investor is considering the purchase of a 2% Treasury Bill that is trading at a discount. Which of the following statements is correct? Can I know how should I solve this question？ Can I know whats the meaning of Treasury Bill？ 2015 April no 5 Is there a formula for payback period for this question？ 2015 April no 6 WHy the answer is B why cant I choose D ? 2015 April no 10 Can I know why book value and retained earnings are ignored in this question? 2015 April no 11 Answer stated here :"Taxpayers do not need to pay tax until they are raising cash from the disposal of the asset. " Can I know what is the underlying meaning of raising cash from disposal of asset ? 2015 April no 13 the lessor here is the company who lease asset from the software company right ?WHy it said that the "lessor runs very little risk in the event that the software company defaults on the rent payments.", is it the lessor rent the asset to the software company ? 2015 April no 16 why the answer said "This project has a positive NPV when the required rate of return is greater than 2% or less than 9%. "and why " If discount rates are very small then the cost incurred at the conclusion of the project will have much greater significance and that could be enough to make the net present value negative. "?