A Treasury Bill Is Quoted at a Bank Discount Yield

question 63

Multiple Choice

A Treasury bill is quoted at a bank discount yield of 1.08 percent and has 12 days to maturity. What is the bond equivalent yield given that this is a leap year?

• A) 1.06 percent
• B) 1.08 percent
• C) 1.10 percent
• D) 1.12 percent
• E) 1.13 percent

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