Roxy Is Evaluating a Treasury Bill

question 98

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 bond equivalent yield?

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

---

Definitions:

Influence

The power to affect or change behavior, opinions, or the course of events through direct actions or persuasions.

Control

The ability to shape or control the actions of others or the progression of events.

Extrinsic Rewards

Benefits and/or rewards that come from an external source, such as money, promotions, or praise.

Intrinsic Rewards

Intrinsic rewards are personal satisfactions and gratifications that one receives from the work itself, rather than from external rewards.