Calculate the effective annual interest rate for the following:

Required:

a$.$ A $3-$month T$-$bill selling at $$97,990$ with par value $$100,000.$

b$.$ A $9\%$ coupon bond selling at par and paying coupons semiannually.

Complete this question by entering your answers in the tabs below.

Required $A$

Required $B$

A $3-$month T$-$bill selling at $$97,990$ with par value $$100,000.$

Note: Round your answer to $2$ decimal places.

Effective annual rate

$\%$

Reguired A