"Corporate Finance":Working Capital Management

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來源: 正保會(huì)計(jì)網(wǎng)校編輯：小鞠橘桔 2020/10/12 09:33:19　字體：大小

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Questions 1:

For a 90-day US Treasury bill selling at a discount, which of the following methods most likely results in the highest yield?

A、 Discount-basis yield (DBY)

B 、Money market yield (MMY)

C 、Bond equivalent yield (BEY)

Questions 2:

The effective annualized cost (%) of a banker’s acceptance that has an allinclusive annual rate of 5.25% for a one-month loan of $2,000,000 is closest to:

A 、5.54%.

B、 5.38%.

C、 5.27%.

View answer resolution

【Answer to question 1】C

【analysis】

A is incorrect because bond equivalent yield is the highest yield by construction.

B is incorrect because bond equivalent yield is the highest yield by construction.

【Answer to question 2】C

【analysis】

C is correct. Calculate the effective annualized cost:

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