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A U.S. Treasury bill with 72 days to maturity is quoted at a discount yield of 1.63 percent. Assume a $1 million face value. Requirement

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A U.S. Treasury bill with 72 days to maturity is quoted at a discount yield of 1.63 percent. Assume a $1 million face value. Requirement 1: What is the bond equivalent yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Bond Equivalent Yield (1.658 ]% Requirement 2: What is the price of this U.S. Treasury bill in dollars? (Enter your answer in dollars with 1000 separator. Do not round intermediate calculations. Round your answer to 2 decim places.) Price of the U.S. Treasury Bill: $ 996740 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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