Treasury bills _____.
A) have a stated interest rate
B) pay no explicit interest
C) are sold for exactly $10,000
D) are quoted in terms of yield to maturity

Name: Treasury bills _____. A) have a stated interest rate B) pay no explicit interest C) are sold for exactly $10,000 D) are quoted in terms of yield to maturity
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Treasury bills pay no explicit interest; they are sold at a discount and mature at face value, with the difference being the investor's return.

Treasury Bills _____