20. What is the bond equivalent yield of a 180-day, $1 million face value Treasury bill with a discount rate of 4.5 percent? 21. For which money market instruments are rates calculated on the basis of par value rather than purchase price? 22. You would like to purchase a T-bill that has a $10,000 face value and 270 days to maturity. The current price of the T-bill is $9,860. What is the discount rate on this security? What is its bond equivalent yield