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A U S Treasury bill with 90 day maturity sells at

A U. S. Treasury bill with 90-day maturity sells at a bank discount yield of 3 percent.

a. What is the price of the bill?

b. What is the 90-day holding period return of the bill?

c. What is the bond equivalent yield of the bill?

d. What is the effective annual yield of the bill?

a. What is the price of the bill?

b. What is the 90-day holding period return of the bill?

c. What is the bond equivalent yield of the bill?

d. What is the effective annual yield of the bill?

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