Financial Economics multiple choice questions only one alternative is correct to each picture

28) Money market securities have all the following characteristics except they are not A) short term. B) money C) low risk. D) very liquid 29) Money market instruments A) are usually sold in large denominations. B) have low default risk. C) mature in one year or less. D) are characterized by all of the above. E) are characterized by only A and B of the above. 30) You pay $996.37 for a 28-day T-bill. It is worth $1,000 at maturity. What is its annualized yield (investment rate)? A) 3,4% B) 6.1% C) 4,76% D) 2.9%