Question: Question 13 The discount yield on a T-bill differs from the T-bill's bond equivalent yield (BEY) because I the discount yield is the return per
Question 13 The discount yield on a T-bill differs from the T-bill's bond equivalent yield (BEY) because I the discount yield is the return per dollar of face value and the BEY is a return per dollar originally invested. II. a 360-day year is used on the discount yield and the BEY uses 365 days. III, the discount yield is calculated without compounding, and the BEY is calculated with compounding O ll only I only Oll and Ill only O I, II, and III A Moving to another question will save this response
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