A Treasury Bill Currently Sells for $9,845,has a Face Value

question 45

Multiple Choice

A treasury bill currently sells for $9,845,has a face value of $10,000 and has 46 days to maturity.What is the bank discount rate on this security?

• A)12.49 percent
• B)12.13 percent
• C)12.30 percent
• D)2 percent
• E)None of the options is correct.

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Verb Strength

Describes the potency of action words in communication or writing to convey clarity and evoke engagement.

Parallel Structure

The use of identical patterns of words or phrases in a sentence or passage to indicate that multiple ideas share the same significance.

Readability and Comprehension

The ease with which a reader can understand written text and the extent to which they can grasp its meaning.

Words Per Sentence

The average number of words contained in a sentence, used as a measure of sentence complexity or readability.