The Bond Equivalent Yield Adjusts for Leap Years by Using

question 105

Multiple Choice

The bond equivalent yield adjusts for leap years by using 366 days starting with:

• A)January 1 of the leap year and ending with December 31 of the leap year.
• B)February 1 of the year prior to the leap year and ending with February 29 of the leap year.
• C)March 1 of the year prior to the leap year and ending with February 29 of the leap year.
• D)the second quarter of the year prior to the leap year and ending with the first quarter of the leap year.
• E)February 1 of the leap year and ending with February 29 of the leap year.

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