ett$$s commercial paper is currently selling at a discount. It sells for $97\mathrm{.}29$ of par and matures in $120$ days.

a$.$ Calculate its yield as quoted in the market. $($Use $365$ days a year. Do not round intermediate calculations. Round the final answer to $2$ decimal places.$)$

Yield

$\%$

b$.$ Calculate its effective annual yield. $($Use $365$ days a year. Do not round intermediate calculations. Round the final answer to $2$ decimal places.$)$

Effective annual yield

$\%$