A company wants to invest some surplus short-term funds and plans to buy a 180-day bank bill with a face value of $100 000.What is the yield on the bill if its price is currently $94 234?
A) 11.69%
B) 12.41%
C) 13.23%
D) 13.32%

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The Answer of A company wants to invest some surplus short-term funds and plans to buy a 180-day bank bill with a face value of $100 000.What is the yield on the bill if its price is currently $94 234?
A) 11.69%
B) 12.41%
C) 13.23%
D) 13.32%

A Company Wants to Invest Some Surplus Short-Term Funds and Plans