A Treasury Bill Has a Face Value of $75,000, an Asked

question 67

Multiple Choice

A Treasury bill has a face value of $75,000, an asked yield of 3.05%, and matures in 90 days. What is the price of this bill?

• A)$74,408.13
• B)$74,428.13
• C)$74,439.80
• D)$74,468.00
• E)$74,478.42

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Definitions:

Manic Episode

A period of excessive euphoria, inflated self-esteem, wild optimism, and hyperactivity, often accompanied by delusions of grandeur and by hostility if activity is blocked.

Dysthymic Episode

A period characterized by a persistent mild depression that lasts for at least two years in adults or one year in children and adolescents.

Dissociative Episode

A temporary period of dissociation or disconnection from one's immediate surroundings or self, often seen in disorders like dissociative identity disorder.

Hyperinflationary State

An economic condition marked by an extremely high and typically accelerating rate of inflation, eroding the real value of the local currency.