What is the holding period yield of this investment

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Question - On January 10, the following quotes are provided for $1,000,000 U.S. Treasury bills:

MATURITY DATE

DAYS TO MATURITY

BID DISCOUNT

ASK DISCOUNT

ASK YIELD PERCENT

February 14

35

1.25

1.24

1.26

February 21

42

1.25

1.24

1.26

February 28

49

1.24

1.23

1.25

Required - If an investor purchases a T-bill maturing on February 14, what is the holding period yield of this investment?

a. 0.1216%

b. 0.126%

C. 0.1207%

d. 0.1227%

Reference no: EM132462863

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