A Treasury bill with a par value of $100,000 due three months from now is selling today for $97,087 with an effective annual yield of
A) 12.40%.
B) 12.55%.
C) 12.62%.
D) 12.68%.
E) None of the options are correct.

Question

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The Answer of A Treasury bill with a par value of $100,000 due three months from now is selling today for $97,087 with an effective annual yield of
A) 12.40%.
B) 12.55%.
C) 12.62%.
D) 12.68%.
E) None of the options are correct.

A Treasury Bill with a Par Value of $100,000 Due