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Question 909  money market, bills

By convention, money market securities' yields are always quoted as:



Question 910  money market

Which of the following is NOT a money market security?



Question 911  money market

Which of the following is also known as 'commercial paper'?



Question 912  money market

Which of the following statements is NOT correct? Money market securities are:



Question 913  bill pricing, money market

A 90 day bank bill has a face value of $100,000.

Investor A bought the bill when it was first issued at a simple yield to maturity of 3% pa and sold it 20 days later to Investor B who expected to earn a simple yield to maturity of 5% pa. Investor B held it until maturity.

Which of the following statements is NOT correct?



Question 914  bill pricing, money market, return types

A bank bill was bought for $99,000 and sold for $100,000 thirty (30) days later. There are 365 days in the year. Which of the following formulas gives the simple interest rate per annum over those 30 days?


Note: To help you identify which is the correct answer without doing any calculations yourself, the formulas used to calculate the numbers are given.



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