If the price at which a 91-day Treasury Bill is sold increases which of the following statements are true. (Select one or more answers) Select one or more: The Bill's discount falls The Bill's discount rises The Bill's yield rises The Bill's yield falls
If the price at which a 91-day Treasury Bill is sold increases which of the following statements are true. (Select one or more answers) Select one or more: The Bill's discount falls The Bill's discount rises The Bill's yield rises The Bill's yield falls
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:If the face value of a 91-day Treasury Bill is £100000 and it
is issued at a discount of £2300, what is the annual interest
rate (yield) that the purchaser receives (expressed as a
percentage to 2 decimal places)?
Answer the question by providing the appropriate
number including decimal point in the box below (e.g., 1.23).
Do not enter a comma, space, letters, words or symbols
(such as %). Failure to follow these instructions will result in
your answer being marked as incorrect.
%

Transcribed Image Text:If the price at which a 91-day Treasury Bill is sold increases
which of the following statements are true. (Select one or
more answers)
Select one or more:
The Bill's discount falls
The Bill's discount rises
The Bill's yield rises
The Bill's yield falls
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