A 3-Month (91-Day) UK Treasury Bill with a Face Value

question 149

Multiple Choice

A 3-month (91-day) UK Treasury bill with a face value of GBP 50,000,000.00 is quoted at a yield of 4.25%. How much is the bill worth?

• A) GBP 47,875,000.00
• B) GBP 49,462,847.22
• C) GBP 49,470,205.48
• D) GBP 49,475,760.27

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Definitions:

Thomas And Chess

Psychologists known for their pioneering work in the study of child temperament, identifying various temperament types based on childhood behavior.

High-Strung

Describing someone as high-strung refers to a person who is very anxious, nervous, or tense.

Routine

A set of habitual or fixed practices and activities performed regularly.

Maturation

The process of becoming mature; in psychology, it often refers to the development of the mind and the body over time through natural growth processes.