The Yield on a Discount Basis for a $100 Treasury

question 76

Multiple Choice

The yield on a discount basis for a $100 Treasury bill that sells for $98.50 and matures in 90 days is:

• A)1.50%
• B)4.80%
• C)6.00%
• D)4.94%

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Definitions:

Price of Contact Lenses

The cost at which contact lenses are sold, determined by factors like brand, technology, supply, and demand.

Supply of Contact Lenses

The total amount of contact lenses that manufacturers are willing and able to sell at a given price level.

Law of Demand

The principle that, all else being equal, as the price of a good or service increases, consumer demand for the good or service will decrease and vice versa.

Package of Kale

A commercial bundle or container of the leafy green vegetable kale, typically prepared for retail sale.