22. A 60-day T-bill is selling at price of $9,800 with face value of $10,000. What's the T-bill's bank discount rate and bond equivalent yield? A. 12.2%, 10.01%. B. 12%, 12.41%. C. 13.50%, 13%. D. 14%, 14.50% 23. Suppose you buy a $10,000 face value T-bill maturing in one month for $9.800, what's your APR and EAR for this investment? A. 2.04%, 20% B. 24.49%, 27.43%. C. 12%, 15%. D. 10% , 5%. 24. Active management is that money managers try to A. buying and holding a diversified portfolio without attempting to identify mispriced securities. B. buying and holding ETFs over a long time C. attempting to identify mispriced securities or to forecast broad market trends. D. non of the above. 25. Private equity normally invests in companies A. That are trading in NYSE. B. That are trading at NASDAQ. C. That are not traded on a stock exchange D. Non of above