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A Treasury bill with 141 days to maturity is quoted at 94.630. What is the bank discount yield, the bond equivalent yield, and the effective
A Treasury bill with 141 days to maturity is quoted at 94.630. What is the bank discount yield, the bond equivalent yield, and the effective annual return? (Do not round intermediate calculations. Enter your answers as a percent rounded to 3 decimal places. Omit the "%" sign in your response.)
I found the discount yield to be 13.711% and I found the bond equivalent yield to be 14.690%. However, for the EAR I put 15.820 and that is not correct. |
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