A Bank-Accepted Bill with a Face Value of $100 000 $6.8 \%$

question 22

Multiple Choice

A bank-accepted bill with a face value of $100 000 currently has 30 days to expiry.If the current price of the bank-accepted bill is $93 809,what is the implied annual yield?

• A) \( 6.8 \% \)
• B) \( 7.0 \% \)
• C) \( 7.5 \% \)
• D) \( 8.0 \% \)

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