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A Treasury Bill Currently Selling for $9,845,has a Face Value

Question 37

Multiple Choice

A treasury bill currently selling for $9,845,has a face value of $10,000 and has 46 days to maturity.What is the yield to maturity equivalent on this security?


A) 12.49 percent
B) 12.13 percent
C) 12.30 percent
D) 2 percent
E) None of the options is correct.

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