ACI Dealing Certificate 3I0-012 Question # 337 Topic 12 Discussion

ACI Dealing Certificate 3I0-012 Question # 337 Topic 12 Discussion

3I0-012 Exam Topic 12 Question 337 Discussion:
Question #: 337
Topic #: 12

A 3-month (91-day) US Treasury bill is quoted at a rate of discount of 4.25%. What is its true yield?


A.

4.19%


B.

4.25%


C.

4.30%


D.

4.31%


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