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Which of the following statements correctly describes characteristics of an Australian 13-week Treasury note? A) The coupons offered by a Treasury Note are generally set
Which of the following statements correctly describes characteristics of an Australian 13-week Treasury note?
A) The coupons offered by a Treasury Note are generally set equal to the market yield to maturity to ensure that the issuer can raise the face value of the note at the time of issuance.
B) Treasury notes are only issued by private companies.
C) None of the other statements are correct.
D) If market yields dont change then the value of the Treasury Note will decrease each day until its price is equal to its face value at expiry.
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