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A six-month Treasury bill and a nine-month bill both sell at a discount of 12%. a-1. Calculate the annual yield of the six-month Treasury bill.
A six-month Treasury bill and a nine-month bill both sell at a discount of 12%.
a-1. Calculate the annual yield of the six-month Treasury bill. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Annual yield = %
a-2. Calculate the annual yield of the nine-month Treasury bill. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Annual yield= %
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