AFP
CTP · Question #651
(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?
The correct answer is D. 6.02%. See the full explanation below for the reasoning.
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%
How the community answered
(49 responses)- A8% (4)
- B14% (7)
- C4% (2)
- D73% (36)
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