Multiple Choice
A T-bill has a face value of $10,000 and is selling for $9,800.If the T-bill matures in 90 days,what is its effective annual yield?
A) 8.16%.
B) 2.04%.
C) 8.54%.
D) 6.12%.
E) 8.42%
Correct Answer:
Verified
Correct Answer:
Verified
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