A Treasury Bill with a Par Value of $100,000 Due

question 10

Multiple Choice

A Treasury bill with a par value of $100,000 due two months from now is selling today for $98,039,with an effective annual yield of _________.

• A) 12.40%
• B) 12.55%
• C) 12.62%
• D) 12.68%
• E) none of these

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Definitions:

Seasonal Fluctuations

Variations in business activity, performance, or phenomena that occur at specific times of the year due to changes in season.

Intrinsic Motivation

The internal drive to perform a task due to the inherent satisfaction or interest in the task itself, rather than external rewards or pressures.

Sales Employees

Individuals engaged in promoting and selling products or services for a company.

Straight Commission Plan

A compensation plan based on a percentage of sales.