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CTP · Question #651
CTP Question #651: Real Exam Question with Answer & Explanation
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Question
- (Topic 7) T-bill discount rate = 5.85% T-bill face value = $100,000 Initial term = 90 days What is the bond equivalent yield on this T-bill?
Options
- A5.87%
- B5.94%
- C5.95%
- D6.02%
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