A U.S. Treasury bill is currently selling at a discount basis of 4.25%. The par value of the bill is $100,000, and will mature in ninety days. What is the price of this Treasury bill?
A) $95,750.00
B) $98,937.50
C) $98,952.05
D) $99,952.78
Answer: B
Explanation: B) Price = face value × [1 - (discount rate × )]
= $100,000 × [1 - (.0425 × 90/360)] = $98,937.50
You might also like to view...
Which of the following would be the best illustration of a secondary belief or value?
A) belief in work B) belief in giving to charity C) belief in getting married D) belief in getting married early E) belief in being honest
Which of the following best describes selective-demand advertising?
A. It focuses on targeting individuals who buy or influence the purchase of industrial goods or services for their companies. B. It focuses on creating demand for an entire industry. C. It focuses on creating demand for a specific company's brands. D. It is one of the four Ps of the marketing mix. E. It is done by retailers or local merchants to encourage consumers to shop at a specific store, use a local service, or patronize a particular establishment.
LinkedIn is considered one of the top four social networking sites used by business.
Answer the following statement true (T) or false (F)
Which of the following is the primary business objective of organizations using social media information systems?
A) IS's market share growth B) low cost leadership C) price skimming D) ambush marketing