A Treasury Bill Has a Face Value of $50,000, an Asked

question 54

Multiple Choice

A Treasury bill has a face value of $50,000, an asked yield of 2.87 percent, and matures in 31 days. What is the price of this bill?

• A) $49,687.14
• B) $49,706.03
• C) $49,819.80
• D) $49,868.00
• E) $49,878.42

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Definitions:

Symmetric

Symmetric in statistics refers to a distribution or data set where the shape on either side of the mean is a mirror image, indicating equal distribution around the center.

Mean

The arithmetic mean is obtained by adding all the values in a set and dividing the result by the total number of values.

Median

The middle value in a data set, which separates the higher half from the lower half.

Range

In statistics, range is the difference between the largest and smallest values in a dataset.