A $10,000.00 face value 120-day treasury bill is selling for $8,950.00. What is the yield? O a. 35.68% O b. 10.50% O c. 11.73% O d. 31.94%

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 1E
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Question 19
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A $10,000.00 face value 120-day treasury
bill is selling for $8,950.00. What is the
yield?
O a. 35.68%
O b. 10.50%
O c. 11.73%
O d. 31.94%
Transcribed Image Text:Question 19 Not yet answered Marked out of 1.00 P Flag question A $10,000.00 face value 120-day treasury bill is selling for $8,950.00. What is the yield? O a. 35.68% O b. 10.50% O c. 11.73% O d. 31.94%
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