The actual return or investment yield on those bills

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Reference no: EM131901553

1. At the (whatever date) auction, three month Treasury bills were sold at a price of $99.540 per $100. The discount yield on these bills was: (Assume that date was not a leap year, and select nearest answer)

1.854 %

2.110 %

2.163 %

2.224 %

2. At the (whatever date) auction, three month Treasury bills sold at a price of $9,948.88 per $10,000. The actual return (investment yield) on those bills was: (Assume that date was a leap year, and select nearest answer)

1.882%

2.067%

2.349%

3.491%

Reference no: EM131901553

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