which of the following is a characteristic of a V. Treasury Bill (TBills)? Check all that apply

A. institutional investors, but not individuals, can purchase T bills B. individuals can purchase T bills C. There is a secondary market for T bills D. t-bills are sold at a discount

Suppose Mr. Cohen buys a 90-day T bill with a face value of $1,000 at a price of $993. The discount rate yield would be ______ whereas the investment return yield would be First drop down A. 0.216% B. 3.972% C. 2.8589% D. 2.8000% Second drop down A. 0.216$ B. 4.0272% C. 2.0380% D. 2.8589%