The yield on a discount basis of a 180-day $1,000 Treasury bill selling for $900 is
A) 10 percent.
B) 20 percent.
C) 25 percent.
D) 40 percent.
Answer: B
The yield on a discount basis of a 180-day $1,000 Treasury bill selling for $900 is
A) 10 percent.
B) 20 percent.
C) 25 percent.
D) 40 percent.
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