A Treasury Bill Has a Face Value of $100,000, a Price

question 27

Multiple Choice

A Treasury bill has a face value of $100,000, a price of $99,797.12, and matures in 35 days. What is the bond equivalent asked yield?

• A)1.98%
• B)2.12%
• C)2.28%
• D)3.67%
• E)3.74%

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Definitions:

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The limitations on household expenditures, based on the combination of income, prices, and available goods or services.

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Budget Constraint

A limit on the consumption possibilities of an individual or entity, dictated by their income and the prices of goods and services.

Nachos

A popular dish consisting of heated tortilla chips covered with melted cheese and often additional toppings such as jalapeños, guacamole, or sour cream.