The Asked Bank Discount Yield on a T-Bill Is 5

question 12

Multiple Choice

The asked bank discount yield on a T-bill is 5 percent.What is the asked price of the bill if it matures in 60 days and has a face value of $10,000?

• A) $9,500.00
• B) $9,916.67
• C) $9,523.81
• D) $8,753.14
• E) $9,876.52

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Definitions:

Lichens

Lichens are symbiotic associations between a fungus and a photosynthetic partner, usually algae or cyanobacteria, living together in a mutually beneficial relationship.

Edible Fungi

Organisms from the fungi kingdom that are safe for human consumption.

Ergot

A fungal disease of cereal crops and grasses, producing toxic alkaloids, historically associated with outbreaks of ergotism in humans.

Truffles

A type of highly valued fungus that grows underground, often near the roots of certain trees, prized for their distinctive flavor in culinary uses.