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GFOA CPFO Exam - Topic 9 Question 30 Discussion

A275-day T-bill was purchased at a 0.6% discount and was sold at an 8.50% discount after a 30-day holding period. What is the yield?
B) 10.21
A) 10.32
C) 10.00
D) None of these

GFOA CPFO Exam - Topic 9 Question 30 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 30
Topic #: 9
[All CPFO Questions]

A275-day T-bill was purchased at a 0.6% discount and was sold at an 8.50% discount after a 30-day holding period. What is the yield?

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Suggested Answer: B

by Mirta at May 07, 2022, 05:43 AM

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Freida
7 months ago
Just did the math, looks like A is correct!
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Moon
7 months ago
Wait, how does a T-bill go from 0.6% to 8.50%? Sounds off.
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Jesus
8 months ago
Not so sure about that, could be B instead.
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Alpha
8 months ago
I think it's definitely A, 10.32%.
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Malcolm
8 months ago
The yield calculation is key here!
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Wilford
8 months ago
I’m leaning towards option A, but I’m not entirely confident. I just hope I remember the formula for yield correctly!
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Marta
8 months ago
I feel like I’ve seen a question like this before, and I think the answer was around 10.21%, but I can’t recall the exact steps we took.
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Audria
8 months ago
I think the yield is calculated based on the difference in discounts, but I’m a bit confused about the holding period adjustment.
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Lindsey
8 months ago
I remember we did a similar problem in class about T-bills, but I’m not sure how to calculate the yield correctly here.
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Wynell
8 months ago
Ugh, I'm struggling with this one. Is it really just about integrity, or could it also be about availability or something else? I need to review my notes on the different facets of information security.
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Dudley
8 months ago
Ah, I've seen this type of loop before. I think I know the right answer, but I'll quickly run through the code to be sure.
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