C_ARSCC_2102 Exam Questions and Answers

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NEW QUESTION: 1
What is the price of a treasury bill with $100 face maturing in 90 days and yielding 5%?
A. $98.78
B. $95.24
C. $101.23
D. $95.00
Answer: A
Explanation:
Explanation
The price of a treasury bill can be calculated as [Future value / (1 + yield x days-to-maturity/365)] =
100/(1+5%*90/365) = $98.78.


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