A Treasury Bill Matures in 81 Days and Has a Bond

question 49

Multiple Choice

A Treasury bill matures in 81 days and has a bond equivalent yield of 2.79 percent.What is the effective annual rate?

• A)2.79 percent
• B)2.82 percent
• C)2.85 percent
• D)2.88 percent
• E)2.91 percent

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