Question: Question text Treasury Bills (zero coupon bonds with a face value of 1000 TL. with 45 days to maturity are trading currently at a price

Question text

Treasury Bills (zero coupon bonds with a face value of 1000 TL. with 45 days to maturity are trading currently at a price of 972.88 TL. If you buy this zero coupon now at the current price, what will be the effective annual rate (EAR) that you will get at the end of its maturity?

33.45 %

5.65 %

2.79 %

24.98 %

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