Question: Problem 5 - 1 ( LG 5 - 2 ) What is the discount yield, bond equivalent yield, and effective annual return on a $

Problem 5-1(LG 5-2)
What is the discount yield, bond equivalent yield, and effective annual return on a $1 million Treasury bill that currently sells at 98.375 percent of its face value and is 60 days from maturity? (Use 360 days for discount yield and 365 days in a year for bond equivalent yield and effective annual return. Do not round intermediate calculations. Round your percentage answers to 3 decimal places. (e.g.,32.161))

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