Suppose You Buy 91-Day Treasury Bill with a Par Value

question 51

Multiple Choice

Suppose you buy 91-day Treasury bill with a par value of $1,000 for 98.125 at the time of the issue.After owning the Treasury bill for 23 days,you sell it.The bond equivalent yield you earned is 6.57%.What price did you receive for the T-bill?

• A) $986.31
• B) $985.31
• C) $856.31
• D) $1,000
• E) None of the above

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Definitions:

360-Degree Feedback

A performance appraisal method where an employee is evaluated by feedback from supervisors, peers, subordinates, and sometimes clients.

Appraisal

The evaluation or assessment of something's value, significance, or condition, often in the context of emotional responses or stress.

Feedback

Information or responses given back to the originator, often used for improvement or as a guiding mechanism in various processes.

Performance Evaluations

The assessment and review of an employee's work performance, typically conducted on a regular basis by supervisors or managers.