A firm is choosing among three short-term investment securities: Security 1 - A 30 - day U. S. Treasury bill with a discount yield of 3.6%. Security 2 - A 30 - day banker’s acceptance selling at 99.65% of face value. Security 3 - A 30 - day time deposit with a bond equivalent yield of 3.65%. Based only on these securities’ yields, the firm would:()
A. prefer the banker’s acceptance.
B. prefer the time deposit.
C. prefer the U. S. Treasury bill.