A T-Bill Has a Face Value of $10,000 and Is

question 54

Multiple Choice

A T-bill has a face value of $10,000 and is selling for $9,800.If the T-bill matures in 90 days,what is its effective annual yield?

• A) 8.16%.
• B) 2.04%.
• C) 8.54%.
• D) 6.12%.
• E) 8.42%

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Definitions:

Pediculosis Capitis

A common infestation of the scalp by head lice, leading to itching and discomfort.

Lindane

A chemical insecticide used in prescription medications to treat lice and scabies, though its use is controversial due to potential toxicity.

Pediculosis

An infestation of lice on the human body, commonly affecting the head, body, or pubic area.

Alopecia

A condition characterized by partial or complete hair loss on the scalp or other parts of the body.