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A Treasury Bill Has 21 Days to Maturity and a Bank

Question 5

Multiple Choice

A Treasury bill has 21 days to maturity and a bank discount yield of 1.89 percent.What is the bond equivalent yield?

A) 1.89 percent
B) 1.90 percent
C) 1.92 percent
D) 1.94 percent
E) 1.96 percent

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