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  3. Suppose the annualized yield on a 91-day Treasury bill is 25%. If you invested $

Suppose the annualized yield on a 91-day Treasury bill is 25%. If you invested $

游客2025-06-21  0
问题 Suppose the annualized yield on a 91-day Treasury bill is 25%. If you invested $10 000 in this bill, how much would you have to pay for this security?______.
选项 A、$11250
B、$10 012.50
C、$9 998.75
D、$9 968.93
答案 D
解析 答案为D项。设该证券的售价为x，则以下方程成立：[(10 000一x)÷X]÷9l×365=25%。本题经过计算，x=$9 993，故选D项。
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