In each case find the indicated interest rate.

a) On December 31, 2020 a perpetuity paying $40,000 every January 1st and

July 1st has a present value of $1,240,000 Find /span>(").

b) Find the annual effective interest rate for the perpetuity in part a).

c) A US Treasury Bill matures in 330 days and has a price of 98.20 per $100

maturity. Find the discount rate for this T-bill.

d) A Canadian Treasury Bill matures in 75 days and has a price of 99.50 per

$100 maturity. Find the yield rate for this T-bill.