QUESTION 4

What is wrong about pricing of treasury bill?

		Priced at a discount from their par value
		Price depends on the investors required rate of return
		Value of a T-bill is the present value of the par value
		Treasury bill investment yield calcuation use 360 days to annualize.

QUESTION 8

Which is not a theory of term structure?

		Liquidity Expectation Theory
		Liquidity Premium Theory
		Expectations Theory
		Market Segmentation Theory