What Is the Bond Equivalent Yield on a 120-Day Treasury

question 24

Multiple Choice

What is the bond equivalent yield on a 120-day Treasury bill that has a bank discount yield of 3.00 percent?

• A) 2.97 percent
• B) 2.99 percent
• C) 3.02 percent
• D) 3.04 percent
• E) 3.07 percent

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