Assume You Bought a One-Year Treasury Bill in June, 2010

question 28

Multiple Choice

Assume you bought a one-year Treasury bill in June, 2010 for $9,789 that can be redeemed for $10,000 in June, 2011. What is the yield on this purchase?

• A)$211.00
• B)2.11%
• C)2.16%
• D)$46.39

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