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

question 37

Multiple Choice

A treasury bill currently selling for $9,845,has a face value of $10,000 and has 46 days to maturity.What is the yield to maturity equivalent 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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