You are calculating the bank discount yield of a US Treasury bill on March 15, 2008. 2008 is a leap year. You would use __________ days in the calculation.
A) 360
B) 365
C) 366
D) 365 or 366
E) Insufficient information.

Question

Quizplus · Accepted Answer

The bank discount yield for US Treasury bills is traditionally calculated using a 360-day year, regardless of whether it is a leap year or not.

You Are Calculating the Bank Discount Yield of a US