A Bank Bill with a Face Value of $500 000

question 7

Multiple Choice

A bank bill with a face value of $500 000 and 90 days to maturity is purchased with a yield to maturity of 6.92% per annum.After the bill has been held for 28 days,it is sold at a yield of 6.78% per annum.What is the holding period yield for the holder of the note?

• A) 3.23% per annum
• B) 7.11% per annum
• C) 7.15% per annum
• D) 7.51% per annum

---

Definitions:

Strategic Philanthropy

Strategic philanthropy is a form of corporate social responsibility where companies align charitable activities with their business goals, often to achieve both social and business benefits.

Social Enterprise

An organization that applies commercial strategies to maximize improvements in social, environmental, and financial well-being.

Market Orientation

A business approach focused on identifying and meeting the needs and wants of customers through product development and marketing.

Marketing Ethics

The principles and standards that guide behavior and decision-making processes in marketing practices to ensure fairness, honesty, and responsibility.