What is the bond equivalent yield of a 180 day, $ 1 million face value Treasury bill with a discount rate of 4 5 percent ...

What is the bond equivalent yield of a 180- day, $ 1 million face value Treasury bill

Question:

What is the bond equivalent yield of a 180- day, $ 1 million Treasury bill with a of 4.5 percent?
Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal... Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...