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 $ million Treasury bill that currently sells at
percent of its face value and is days from maturity?
Note: Use days for discount yield and days in a year for bond equivalent yield and effective annual return. Do not round
intermediate calculations.
Round your percentage answers to decimal places. eg
Discount Yield:
Bond Equivalent Yield BEY:
Effective Annual Return EAR:
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