You Purchase an 11 3/8s February $10,000 Par Treasury Note

question 96

Multiple Choice

You purchase an 11 3/8s February $10,000 par Treasury note at 103:11 and hold it for exactly one year at which time you sell it. What is your rate of return if your selling price is 100:13?

• A) 10.14 percent
• B) 11.75 percent
• C) 8.22 percent
• D) 8.32 percent
• E) 8.16 percent

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Definitions:

Optic Nerve

A paired nerve that transmits visual information from the retina to the brain.

Ganglion Cells

Neurons located in the retina that receive visual information from photoreceptors and transmit it to the brain via the optic nerve.

Wavelength

The distance between consecutive crests or troughs in a wave, which determines its color in light and pitch in sound.

Invisible

Unable to be seen; not visible to the eye.