A Three-Month Treasury Bill Sold for a Price of $99

question 67

Multiple Choice

A three-month treasury bill sold for a price of $99.311998 per $100 face value.The yield to maturity of this bond expressed as an EAR is closest to:

• A)2.5%.
• B)2.8%.
• C)3.2%.
• D)4.0%.

---

Definitions:

Visual Spectrum

the range of wavelengths of electromagnetic radiation visible to the human eye, generally considered to be between 400 and 700 nanometers.

Electromagnetic Spectrum

The range of all types of electromagnetic radiation, which includes, among others, radio waves, microwaves, infrared, visible light, ultraviolet, X-rays, and gamma rays.

Low Frequencies

Refers to sounds or signals that have a relatively small number of cycles or oscillations per second; in audio, it typically describes bass sounds.

Basilar Membrane

The basilar membrane is a key structure in the cochlea of the inner ear, playing a crucial role in the process of auditory transduction by vibrating in response to sound and facilitating hearing.