The Yield of a $100 000 180-Day Bill Decreases from 6

question 33

Multiple Choice

The yield of a $100 000 180-day bill decreases from 6% to 7%.What is the effect on the price of the bill?

• A) \( -\$ 463.00 \)
• B) \( -\$ 426.22 \)
• C) \( \$ 463.00 \)
• D) \( \$ 481.50 \)

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Definitions:

Fixed Costs

Fixed outgoings, including rent, salaries, and insurance, that are unaffected by production or sales volumes.

Net Income

The total earnings or profit of an individual or business after deducting expenses and taxes.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.

Variable Costs

Expenses that vary in relation to the amount of product or service produced by a company.