Question: Consider a 13-week Treasury bill, issued today, which is selling for $9,675. (Its face value is $10,000.) a. What is the annual discount based on

Consider a 13-week Treasury bill, issued today, which is selling for $9,675. (Its face value is $10,000.)
a. What is the annual discount based on the selling price of the security?
b. What is the annual equivalent yield of the security?

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