A Treasury Bill with a Face Value of $1,000 Is

question 36

Multiple Choice

A Treasury bill with a face value of $1,000 is selling for $990. If this instrument matures in 30 days, what is its annualized return?

• A) 11.04%
• B) 12.68%
• C) 13.01%
• D) 11.61%
• E) 12.87%

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Definitions:

Temporal Lobe

A division of the cerebral cortex located on the side of the head that is involved in the processing of auditory information and in some aspects of memory.

Parietal Lobe

A division of the cerebral cortex located at the top rear part of the head that contains the primary somatosensory cortex.

Frontal Lobe

The part of the brain located at the front of each cerebral hemisphere, associated with complex cognitive functions including behavior, learning, personality, and voluntary movement.

Propositional Representation

A method of representing information by expressing it as propositions or statements that relate concepts.