In Comparing the Yield to Maturity on a Treasury Bill

Multiple Choice

In comparing the yield to maturity on a Treasury bill with the yield on a discount basis on the same bill, we can say that the yield to maturity

A) will always be greater than the yield on a discount basis.
B) will always be less than the yield on a discount basis.
C) will always be equal to the yield on a discount basis, provided the holding period is the same as the number of years to maturity.
D) rises whenever the yield on a discount basis falls.