A Treasury Bill with 39 Days to Maturity and a $1

question 66

Multiple Choice

A Treasury bill with 39 days to maturity and a $1 million face value is quoted at a price of $996,100. What is the bond equivalent yield?

• A) 3.60%
• B) 3.57%
• C) 3.64%
• D) 3.69%
• E) 3.66%

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