Question: Please answer this question with explanation, why is true and the others are wrong 7. Moe, a private investor, purchases a six-month (182-day) T-bill with

Please answer this question with explanation, why is true and the others are wrong

Please answer this question with explanation, why
7. Moe, a private investor, purchases a six-month (182-day) T-bill with a 11, 000parvalue for 10, 400. If Moe holds the T-bill to maturity what is his bond equivalent yield? (a) 5.77% (b) 11.57% (c) 10.94% (d) 5.45% (e) 10.92%

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