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Use the following information to answer questions 12-15: A T-bill quote sheet has 90-day T-bill quotes with a 4.92 bid and a 4.86 ask. 12.
Use the following information to answer questions 12-15: A T-bill quote sheet has 90-day T-bill quotes with a 4.92 bid and a 4.86 ask. 12. If the bill has a $10,000 face value, an investor could buy this bill for A) $10,000 B) $9,878.50 C) $9,877 360 D) $9,880.16 $10,000+ [1- (,0486490) ] = $ 13. The investor's DOLLAR return on this investment is A) $150.34 B) $121.50 C) $175.20 D) $133.67 14. The investor's Bond Equivalent Yield would be A) 4.927% B) 4.256% C) 3.980% D) 5.0197% 15. The investor's Effective Annual Yield would be A) 5.0197% B) 4.256% C) 4.927% D) 3.264%
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