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(1 point) (Exercise 6.3) A 26-week T-bill is bought for $9700 at issue and will mature for $10,000. Find the yield rate computed as: a)
(1 point) (Exercise 6.3) A 26-week T-bill is bought for $9700 at issue and will mature for $10,000. Find the yield rate computed as: a) A discount rate, using the typical method for counting days on a T-bill. (Note: For T-bill, the discount rate is the simple discount rate and there are 360 days a year.) ANSWER = %. b) An annual effective rate of interest, assuming the investment period is exactly half a year. ANSWER = %
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