American_Bankers_Association
CTFA · Question #112
According to the Bond Equivalent Yield (BEY) method, the yield on a $1,000, 13-week US Treasury bill purchased for $960 would be closest to .
The correct answer is B. 16.7 Percent. See the full explanation below for the reasoning.
Investment Management
Question
According to the Bond Equivalent Yield (BEY) method, the yield on a $1,000, 13-week US Treasury bill purchased for $960 would be closest to .
Options
- A16 Percent
- B16.7 Percent
- C17 Percent
- D17.8 Percent
How the community answered
(32 responses)- A9% (3)
- B84% (27)
- C3% (1)
- D3% (1)
Topics
#Treasury bills#bond equivalent yield#yield calculation#discount securities
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