Question: 12) The discount yield on a T-bill differs from the T-bills bond equivalent yield (BEY) because I. the discount yield is the return per dollar

12) The discount yield on a T-bill differs from the T-bills bond equivalent yield (BEY) because I. the discount yield is the return per dollar of face value and the BEY is a return r originally invested. II. a 360-day year is used on the discount yield and the BEY uses 365 days. II the discount yield is calculated without compounding, and the B compounding. A) I only B) II only C) I and II only D) II and IIlI only E) I, II, and

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