1. Calculate the money market yield and bond equivalent yield of a $100,000 30-day US Treasury bill that is trading at a discount of 5%.

A. The money market yield is 5% and the bond equivalent yield is lower than the money market yield.

B. The money market yield is 5.02% and the bond equivalent yield is higher than the money market yield.

C. The money market yield is 5.09% and the bond equivalent yield is lower than the money market yield.

2. I: Staggered voting: directors are divided into classes in order to limit the ability of shareholders to replace a full board quickly.

II: Majority voting: is required for ordinary resolutions such as appointing an auditor.

III: Supermajority voting: is where more than 50% of the vote is needed, required for important events such as mergers and acquisitions.

A. Statement I is incorrect, Statement II and III are correct.

B. Statement I is correct, Statement II and III are incorrect.

C. All statements are incorrect.