A Treasury Bill with a Par Value of $100,000 Due

question 106

Multiple Choice

A Treasury bill with a par value of $100,000 due one month from now is selling today for $99,010. The effective annual yield is

• A) 12.40%.
• B) 12.55%.
• C) 12.62%.
• D) 12.68%.
• E) None of the options are correct.

---

Definitions:

Is Null

A term used in databases and programming to indicate that a data value does not exist or is missing.

Delete Button

A user interface element that enables the removal of files, text, or objects from software applications with a click or tap.

Run Button

A run button is a user interface element, often found in software development environments, that when clicked, compiles and executes the code or script currently being worked on.

Action Queries

In databases, queries that modify data (insert, update, or delete) rather than just retrieve data.