The Yield on a 365 Days T-Bill with a Purchase

question 9

True/False

The yield on a 365 days T-Bill with a purchase price of $989.50 is 10.6%.

---

Definitions:

Cash Dividends

Cash Dividends are payments made by a corporation to its shareholders, usually as a distribution of profits.

Earnings Per Share

A financial metric that measures the portion of a company's profit allocated to each outstanding share of common stock, indicating a company's profitability.

Stock Split

Gives stockholders a specified number of additional shares for each share that they currently hold.

Preferred Stock

Stock that has specified rights over common stock.