A $100 000,90-Day Bill with a Yield of 6 $\$ 94 \quad 328.10$

question 14

Multiple Choice

A $100 000,90-day bill with a yield of 6.5% is purchased now.Assuming the term structure is flat at 6.5% and does not change,in 30 days' time the price of the bill will be:

• A) \( \$ 94 \quad 328.10 \)
• B) \( \$ 98 \quad 942.80 \)
• C) \( \$ 98 \quad 782.14 \)
• D) \( \$ 99 \quad 184.78 \)

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