Suppose that you purchase a 182-day Treasury bill for $9,850 that is worth $10,000 when it matures. The security's annualized yield if held to maturity is about ().
A. 1.5%
B. 2%
C. 3%
D. 6%
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Money market instruments ().
A. are usually sold in large denominations
B. have low default risk
C. mature in one year or less
D. have high liquidity
Eurodollars ().
A. are time deposits with fixed maturities and are, therefore, somewhat illiquid
B. may offer the borrower a lower interest rate than can be received in the domestic market
C. are limited to London banks
D. are all of the above
If the security markets are truly efficient, there is no need to pay for help selecting securities.
A. 对
B. 错
Technical analysts look at historical prices for information to project future prices.
A. 对
B. 错