In a bill futures contract, the buyer's receipts equal:
A) price of the bill minus yield on the bill.
B) face value of the bill minus the price of the bill on settlement date.
C) price of the bill at purchase yield plus the interest rate.
D) price of the bill on settlement date minus price of the bill at purchase yield.

Question

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The Answer of In a bill futures contract, the buyer's receipts equal:
A) price of the bill minus yield on the bill.
B) face value of the bill minus the price of the bill on settlement date.
C) price of the bill at purchase yield plus the interest rate.
D) price of the bill on settlement date minus price of the bill at purchase yield.

In a Bill Futures Contract, the Buyer's Receipts Equal