Question: Breaking bad maturing in 145 days with a face value of $1,000,000 is currently selling for $997,650.77. What is the breaking bad bond equivalent yield?

Breaking bad maturing in 145 days with a face value of $1,000,000 is currently selling for $997,650.77. What is the breaking bad bond equivalent yield? Assume a 365 day year. Submit your final answer as a percentage rounded to two decimal places (Ex. 0.00%).

Can you please explain how you got the answer using a graphic calculator or by hand.

I dont want the answer I want to learn how to do it thank you.

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