You Find a $1 Million Face Value Treasury Bill Quoted

question 52

Multiple Choice

You find a $1 million face value Treasury bill quoted at a price of $993,640. If the bill has 53 days to maturity, what is the bond equivalent yield?

• A) 4.32%
• B) 4.41%
• C) 4.38%
• D) 4.43%
• E) 4.27%

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