A Treasury Bill Has a Face Value of $100,000,a Price

question 91

Multiple Choice

A Treasury bill has a face value of $100,000,a price of $99,797.12,and matures in 35 days.What is the asked yield?

• A) 1.98 percent
• B) 2.12 percent
• C) 2.28 percent
• D) 3.67 percent
• E) 3.74 percent