A Treasury Bill Has a Face Value of $65,000,an Asked

question 31

Multiple Choice

A Treasury bill has a face value of $65,000,an asked yield of 3.05 percent,and matures in 60 days.What is the price of this bill?

• A) $64,675.74
• B) $64,777.60
• C) $64,819.80
• D) $64,868.00
• E) $64,878.42

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Definitions:

Circular DNA Molecule

DNA that forms a closed loop, found in prokaryotes and in the mitochondria and chloroplasts of eukaryotic cells.

Bidirectionally

In a manner that allows movement or communication in two opposite directions.

Okazaki Fragments

Short sequences of DNA nucleotides which are synthesized discontinuously and later linked together by the enzyme DNA ligase to create the lagging strand during DNA replication.

Lagging Strand

The strand of DNA that is synthesized discontinuously in small fragments, known as Okazaki fragments, during DNA replication.