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If you want to compare this a T-bill with a bond, you need to convert the Bank Discount Rate into a Bond Equivalent Yield. What

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If you want to compare this a T-bill with a bond, you need to convert the Bank Discount Rate into a Bond Equivalent Yield. What is the Bond Equivalent Yield for a 286-day T-bill priced at $9,200.00? Recall: When using a Bond Equivalent Yield, you use simple interest rate, 365 days, and the price as the initial price. (Give your answer as a percentage with 2 decimals, e.g., if the answer is 0.0345224 (or 3.45224%). enter 3.45 as your answer.)

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