A Treasury Bill Has a Face Value of $75,000,an Asked

question 66

Multiple Choice

A Treasury bill has a face value of $75,000,an asked yield of 3.05 percent,and matures in 90 days.What is the price of this bill?

• A) $74,440.17
• B) $74,477.60
• C) $74,519.80
• D) $74,568.00
• E) $74,578.42

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Definitions:

Spermatozoa

Male gametes or reproductive cells that carry a man's DNA to the female ovum in sexual reproduction.

Seminiferous Tubules

Coiled structures in the testes where sperm production occurs.

Islets of Langerhans

Clusters of cells in the pancreas that secrete insulin, glucagon, and somatostatin, crucial for blood sugar regulation.

G Cells

These are specialized cells in the stomach lining that secrete gastrin, a hormone that stimulates the secretion of gastric acid.