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GFOA CPFO Exam - Topic 3 Question 130 Discussion

A city buys a T-bill with a face value of $10,000 for $9,800. The bill matures in 91 days. What is the yield?
B) 8.07%
A) 8.007%
C) 8.70%
D) 87.07%

GFOA CPFO Exam - Topic 3 Question 130 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 130
Topic #: 3
[All CPFO Questions]

A city buys a T-bill with a face value of $10,000 for $9,800. The bill matures in 91 days. What is the yield?

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Suggested Answer: B

by Marya at Jul 17, 2026, 03:26 AM

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