单选题 A Treasury bill with a face value of $1000000 and 45 days until maturity is selling for $987000. The Treasury bill's bank discount yield is closest to:

A、

A. 5.20%.
B、

B. 7.90%.
C、

C. 10.40%.

【正确答案】 C

【答案解析】The actual discount is 1.3%, 1.3%×(360/45) = 10.4% The bank discount yield is computed by the following formula, r = ( dollar discount/face value)×(360/number of days until maturity) = [ ( 1000000 -987000)/(1000000) 1 × (360/45) = 10.40%.