Question $4$

Which of the following statements about Treasury bills is most accurate?

Select one

A$.$ T$-$bills are issued with maturities of $4$ weeks, $13,$ weeks, and $26$ weeks only.

B$.$ T$-$bills that extend beyond a calendar year are subject to taxation on the income earned both in the year of issuance and the year of maturity.

C$.$ T$-$bills are sold on a pure discount basis only.

$$ D$.$ The stop$-$yield is the lowest yield determined during a T$-$bill auction.