ACI
3I0-012 · Question #518
A 3-month (91-day) UK Treasury bill with a face value of GBP 50,000,000.00 is quoted at a yield of 4.25%. How much is the bill worth?
The correct answer is D. GBP 49,475,760.27. See the full explanation below for the reasoning.
Question
A 3-month (91-day) UK Treasury bill with a face value of GBP 50,000,000.00 is quoted at a yield of 4.25%. How much is the bill worth?
Options
- AGBP 47,875,000.00
- BGBP 49,462,847.22
- CGBP 49,470,205.48
- DGBP 49,475,760.27
How the community answered
(28 responses)- A7% (2)
- B4% (1)
- C11% (3)
- D79% (22)
Community Discussion
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