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5)
How much interest would you earn if you held the T Bill in Question #2 (below) to maturity?
Multiple Choice
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$2,489.85
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$5,982.85
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$6,523.85
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$3,406.85
2)
What is the purchase price of the $550,000 T Bill with 130 days to maturity and a BEY (bond equivalent yield) of 1.75%?
Multiple Choice
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$ 546,593.15 (answer)
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$ 495,623.15
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$ 520,221.15
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$ 365,235.15
Answer & Explanation
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