Question: What is the discount yield, bond equivalent yield, and effective annual return on a $ 4 million Treasury bill that currently sells at 9 8

What is the discount yield, bond equivalent yield, and effective annual return on a $4 million Treasury bill that currently sells at 98.500
percent of its face value and is 45 days from maturity?
Note: 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)
What is the discount yield, bond equivalent yield, and effective annual return on a $4 million Treasury bill that currently sells at 98.500
percent of its face value and is 45 days from maturity?
Note: 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)
Discount Yield:
Bond Equivalent Yield (BEY):
Effective Annual Return (EAR):
%
 What is the discount yield, bond equivalent yield, and effective annual

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