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If a bankers acceptance is issued with a 120-day maturity at a 2.35 annual discount, what is the CD equivalent yield? a. 2.369% b. 2.375%

If a bankers acceptance is issued with a 120-day maturity at a 2.35 annual discount, what is the CD equivalent yield?

a. 2.369%

b. 2.375%

c. 2.382%

d. 2.394%

10. If the discount rate is 2.50 on 180-day commercial paper, what is the bond equivalent yield?

a. 2.567%

b. 2.554%

c. 2.541%

d. 2.532%

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