7-7 A bid of $98 per 100 of face amount is accepted on 91-day Treasury bills. A bond has an annual coupon rate of 7.5 percent and is sold for 90 percent of face value. (Hint: Yield and bond is coupon or 7.50/90.) (a) W (b) What is the true yield of the Treasury bill (c) Which instrument has a higher yield: the Treasury bill or the bond? hat would be the published annual interest rate of the Treasury bill