问题 单项选择题

A T-bill with a face value of $100000 and 140 days until maturity is selling for $98000. What is the money market yield()

A. 5.41%.

B. 2.04%.

C. 5.25%.

答案

参考答案:C

解析:

The money market yield is equivalent to the holding period yield annualized based on a 360- day year=(2000/98000)×(360/140)=0.0525, or 5.25%.

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