Question: The discount yield on a T - bil differs from the T - bil's bond equivalent yield ( BEY ) because: the diecount yleld is

The discount yield on a T-bil differs from the T-bil's bond equivalent yield (BEY) because:
the diecount yleld is the refurn per dollar of face watat and the BEY is a return per dollar originally invested.
II. a 360-day year is used on the discount yleld and the BEY uses 365 doys.
il. the diycount yield is calculated without compounding, and the BEY is calculated with compounding.
Matiple Choice
Ionly
10 ony
land 180 omy
I and le enly
LR, and I
The discount yield on a T - bil differs from the

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