Emma Is Evaluating a Treasury Bill

question 92

Multiple Choice

Emma is evaluating a Treasury Bill.It is a $1 million face value with a discount of 2.55% and maturing in 91 days.What is the bond equivalent yield?

• A) 2.550%
• B) 2.585%
• C) 2.567%
• D) 2.602%

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Definitions:

Sample Mean

The average of a set of observations or scores taken from a sample.

Skewed

Refers to a distribution that is not symmetric and has a tail that extends more towards one side than the other.

Measures Of Center

Statistical measures that describe the central tendency of a dataset, including the mean, median, and mode.

Location

Refers broadly to a position or point in physical space or within a mathematical, conceptual, or statistical framework.