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A one-year $1,000T-bill is priced at $850. What yield is it offering? LO2 begin{tabular}{|l|} hline 17.65% hline 12.0% hline 6.50% hline 15.10%

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A one-year $1,000T-bill is priced at $850. What yield is it offering? LO2 \begin{tabular}{|l|} \hline 17.65% \\ \hline 12.0% \\ \hline 6.50% \\ \hline 15.10% \\ \hline \end{tabular}

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