单选题

A T-bill with a face value of $100000 and 140 days until maturity is selling for $98000. What is the money market yield?(     )

【正确答案】 C
【答案解析】

The money market yield is equivalent to the holding period yield annualized based on a 360-day year=(2000/98000)×(360/140)=0.0525, or 5.25%.