Q11. A Treasury bill (T-bill) with a face value of $10,000 and 137 days until maturity is selling for 98.125% of face value. Which of the following is closest to the bank discount yield on the T-bill?

A)   4.93%.

B)   4.56%.

C)   5.06%.

Q12. What is the yield on a discount basis for a Treasury bill priced at $97,965 with a face value of $100,000 that has 172 days to maturity?

A)   2.04%.

B)   3.95%.

C)   4.26%.

Q13. A Treasury bill has 40 days to maturity, a par value of $10,000, and is currently selling for $9,900. Its effective annual yield is closest to:

A)   1.00%.

B)   9.60%.

C)   9.00%.

thx