A Treasury bill with 41 days to maturity is quoted at 99.515. What is the bank discount

Question:

A Treasury bill with 41 days to is quoted at 99.515. What is the bank discount yield, the bond equivalent yield, and the effective annual return?

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...