Which of the following features apply to T-bills?
I. zero-coupon security
II. original maturities of 1 to 12 months
III. sold at face value
IV. minimum face value of $1,000

Question

Quizplus · Accepted Answer

T-bills are zero-coupon securities (I) and have a minimum face value of $1,000 (IV). They are sold at a discount, not at face value, and have maturities of up to 12 months, but not starting from 1 month.

Which of the Following Features Apply to T-Bills