Question: You will find the CUSIP number on almost every tradeable security. What is the function of the CUSIP number? Select one: a. It is a

 You will find the CUSIP number on almost every tradeable security.What is the function of the CUSIP number? Select one: a. Itis a measure of the expected price volatility of the security b.It uniquely identifies both the issuer of the security and the issue

You will find the CUSIP number on almost every tradeable security. What is the function of the CUSIP number? Select one: a. It is a measure of the expected price volatility of the security b. It uniquely identifies both the issuer of the security and the issue so that securities can be tracked electronically c. It is used by the RCMP to track potential fraudulent trading in the securities O d. It has no purpose You want to purchase an $800,000 T Bill with 200 days to maturity and a BEY (bond equivalent yield) of 2.25%. What is the purchase price of the T Bill? Select one: a. $790,257.10 O b. $789,459.78 c. $789,402.54 d. $789,101.88 e. $788,025.67 Twenty days after you purchased the T Bill in Question #2 above, you need cash and sell the T Bill. When you sell, the BEY has fallen to 2.20%. What is the sale price of the T Bill? Select one: a. $791,027.79 b. $791,366.84 c. $791,413.70 O d. $791,802.33 e. $791,946.50 What is the BEY from your T Bill investment, as set out in Questions 2 & 3 above? Select one: O a. 2.45% O b. 2.30% c. 2.67% d. 3.76% O e. 4.40%

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