Question
A Treasury bill with a par value of $100,000 due two months from now is selling today for $98,039 with an effective annual yield of
A Treasury bill with a par value of $100,000 due two months from now is selling today for $98,039 with an effective annual yield of
| A. | 12.40%. | |
| B. | 12.55%. | |
| C. | 12.62%. | |
| D. | 12.68%. | |
| E. | None of the options are correct. |
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Multinational financial management
Authors: Alan c. Shapiro
10th edition
9781118801161, 1118572386, 1118801164, 978-1118572382
