The yield on a discount basis of a 90-day, $1,000 Treasury bill selling for $950 is
A) 5 percent.
B) 10 percent.
C) 15 percent.
D) 20 percent.
Answer: D
The yield on a discount basis of a 90-day, $1,000 Treasury bill selling for $950 is
A) 5 percent.
B) 10 percent.
C) 15 percent.
D) 20 percent.
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