Multiple Choice
Which of the following are true about Treasury Bills?
I.T-Bills are capital market instruments.
II.T-Bills sell through both competitive and noncompetitive bids.
III.T-Bill yields are quoted in the financial pages as effective annual rates of return.
IV.At the T-Bill's maturity,the holder receives the face value of the Bill.
A) I and II
B) II,III,and IV
C) I,II,and IV
D) II and III
E) II and IV
Correct Answer:
Verified
Correct Answer:
Verified
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