Question: T-Bill Yields (LO1, CFA2)A 30-day U.S. Treasury bill is selling at a 12 percent yield on a discount basis. Which of the following is the

T-Bill Yields (LO1, CFA2) A 30-day U.S. Treasury bill is selling at a 12 percent yield on a discount basis. Which of the following is the approximate bond equivalent yield?

a. 6.0 percent

b. 11.7 percent

c. 12.0 percent

d. 12.3 percent