Which of the following is NOT a characteristic of a Treasury Bill (T-bill)?
A) It has coupon payments.
B) It has a maturity of 26 weeks or less.
C) It is sold at a discount from its face value.
D) Its price fluctuates with T-bill demand.

Question

Quizplus · Accepted Answer

Treasury Bills (T-bills) do not have coupon payments. Instead, they are sold at a discount from their face value, and the investor receives the face value at maturity. T-bills also have a maturity of 26 weeks or less and their price fluctuates with T-bill demand.

Which of the Following Is NOT a Characteristic of a Treasury