Roxy Is Evaluating a Treasury Bill

question 17

Multiple Choice

Roxy is evaluating a Treasury Bill.It is a $1 million face value with a discount of 2.75% and maturing in 182 days.What is the money market yield?

• A) 2.789%
• B) 2.828%
• C) 2.750%
• D) 2.788%

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Definitions:

Output

The total amount of goods and services produced by an economic system, company, or sector within a certain period.

Marginal Cost

The cost incurred by producing one additional unit of a good or service, which varies depending on the level of production.

Profit

The financial gain accrued from a business activity when total revenues exceed total expenses.

Total Revenue

The total income generated from the sale of goods or services before any expenses are subtracted.