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32) On January 10, the following quotes are provided for $1,000,000 U.S. Treasury bills: MATURITY DAYS TO BID ASK ASK DATE MATURITY DISCOUNT DISCOUNT YIELD

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32) On January 10, the following quotes are provided for $1,000,000 U.S. Treasury bills: MATURITY DAYS TO BID ASK ASK DATE MATURITY DISCOUNT DISCOUNT YIELD PERCENT February 14 35 1.25 1.24 1.26 February 21 42 1.25 1.24 1.26 February 28 49 1.24 1.23 1.25 If an investor purchases a T-bill maturing on February 14, what is the holding period yield of this investment? a. 0.1216% b. 0.126% C. 0.1207% d. 0.1227%

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