Suppose You Buy 91-Day Treasury Bill with a Par Value

question 77

Multiple Choice

Suppose you buy 91-day Treasury bill with a par value of $1,000 for 98.125 at the time of the issue.After owning the Treasury bill for 23 days, you sell it.The bond equivalent yield you earned is 6.57%.What price did you receive for the T-bill?

• A)$986.31
• B)$985.31
• C)$856.31
• D)$1,000

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Definitions:

Autoimmune Systemic

Pertaining to diseases or conditions where the immune system attacks the body's own tissues, affecting multiple organs or systems.

Rheumatoid Arthritis

A chronic autoimmune disease causing inflammation, pain, and stiffness in the joints, often leading to joint damage.

Surrounding Muscles

Muscles located around a specific body area or organ, often contributing to its movement or stability.

Muscle Strain

A condition involving damage to muscle or muscle tendon due to overstretching or overexertion.