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A Treasury bill with 104 days to maturity is traded at the price of $98.48. The face value of the Treasury bill is $100. Requirement
A Treasury bill with 104 days to maturity is traded at the price of $98.48. The face value of the Treasury bill is $100. Requirement 1: What is the bond's bank discount yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Bank Discount Yield % Requirement 2: What is the bond's bond equivalent yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Bond Equivalent Yield % Requirement 3: What is the effective annual rate of this U.S. Treasury bill? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Effective Annual Rate: %
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