Question: Compare following TWO ( 2 ) securities . Identify the one which has higher effective annual yield: ( i ) A $ 1 0 ,

Compare following TWO (2) securities. Identify the one which has higher effective annual yield: (i) A $10,000 par value T-Bill (maturing every three-months) selling at $9,800.(ii) A 5-year bond selling at par with 8% coupon rate payable semiannually.

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