The asked yield on a Canadian Treasury bill is

Question

Quizplus · Accepted Answer

The asked yield on a Canadian Treasury bill is a bond equivalent yield that is based on a 365- or 366-day year. This yield is used for comparing with yields on other money securities. Option A is incorrect because the yield quoted is not related to selling the T-bill. Option B is partially correct, but it only addresses the basis of the yield calculation. Option C is incorrect because yields on various money securities can be compared using the bond equivalent yield. Option E is incorrect because the bond equivalent yield is not based on a 360-day year.

The Asked Yield on a Canadian Treasury Bill Is