问题
单项选择题
A Treasury bill with a face value of $1000000 and 45 days until maturity is selling for $987000. The Treasury bill's bank discount yield is closest to:（）
A. 5.20%.
B. 7.90%.
C. 10.40%.
答案
参考答案：C
解析：
The actual discount is 1.3%, 1.3%×(360/45) = 10.4% The bank discount yield is computed by the following formula, r = ( dollar discount/face value)×(360/number of days until maturity) = [ ( 1000000 -987000)/(1000000) 1 × (360/45) = 10.40%.