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

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Definitions:

Purchasing Cards

Specialized payment cards issued to employees to make procurement transactions more efficiently and to reduce processing costs.

Small Value Orders

Purchases or orders of relatively low monetary value, which might not warrant the same level of procurement scrutiny as larger expenditures.

E-Procurement System

An electronic system that automates the purchasing and procurement processes of organizations.

Small Dollar Value

Transactions or items that have a low monetary worth but may occur frequently within a business or transactional context.