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NEW QUESTION: 1
A 30-day T-Bill is selling at a money market yield of 2.95%. What is its equivalent bank discount yield?
A. 2.94%
B. 2.95%
C. 2.97%
Answer: A
Explanation:
Based on money market yield:0.0295 = [(100,000 - P)/P] x (360/30) => P =
1 00,000/[1+0.0295/12] = 99,754.8
Bank discount yield = [(100,000 - 99,754.8)/100,000] x (360/30) = 0.0294, or 2.94%.

NEW QUESTION: 2

A. Option A
B. Option D
C. Option C
D. Option B
Answer: C

NEW QUESTION: 3
Which of the following basic strategies would be most appropriate to develop a production plan for a restaurant?
A. Chase
B. Subcontracting
C. Hybrid
D. Production leveling
Answer: C