- CFA Exams
- CFA Exam: Level I 2021
- Study Session 14. Fixed Income (1)
- Reading 44. Introduction to Fixed-Income Valuation
- Subject 6. Yield Measures for Floating-Rate Notes and Money Market Instruments
CFA Practice Question
T-bills are often quoted on ______.
B. an add-on rate basis
C. a current yield basis
A. a discount rate basis
B. an add-on rate basis
C. a current yield basis
Correct Answer: A
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