The Yield on a Discount Basis

question 15

Multiple Choice

The yield on a discount basis:

• A)Will overstate the return on a Treasury bill versus using yield to maturity since they are sold at discounts
• B)Will understate the return on Treasury bills versus yield to maturity since they are sold at premiums
• C)Will understate the return on Treasury bills versus yield to maturity since they are sold at discounts
• D)Is the same as yield to maturity

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