单选题 The effective annual yield (EAY) for a T-bill maturing in 150 days is 5.04 percent. What are the holding period yield (HPY) and money market yield (MMY) respectively? HPY MMY ①A. 5.25% 2.04% ②B. 1.90% 3.80% ③C. 2.04% 4.90% A．① B．② C．③

【正确答案】 C

【答案解析】
The EAY takes the holding period yield and annualizes it based on a 365-day year accounting for compounding. The HPY=(1+0.0504)^150/365=1.2041-1=2.04%. Using the HPY to compute the money market yield=HPY×(360/t)=0.0204×(360/150)=0.04896=4.90%.