A three-month Treasury bill and a six-month bill both sell at a discount of 10%.

a-1. Calculate the annual yield of the three-month Treasury bill.

Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.

a-2. Calculate the annual yield of the six-month Treasury bill.

Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.

b. Which bill offers the higher annual yield?

A three-month Treasury bill and a six-month bill both sell at a discount of 10%. a-1. Calculate the annual yield of the three-month Treasury bill. Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. a-2. Calculate the annual yield of the six-month Treasury bill. Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. b. Which bill offers the higher annual yield