Luke purchased a 180-day $500, 000 bank bill on 1 January 2019 at a yield rate of 3.18% p.a. (simple interest rate). He sold this bank bill on 15 April 2019 at a yield rate of 3.06% p.a. (simple interest rate).

c. [2 marks] Calculate Lukes holding period yield (expressed as a percentage and rounded to two decimal places).

c. 0.5 mark for the number of days (104). 0.5 mark for the correct equation. 1 mark for the correct answer (only give 0.5 if the results has not been rounded to two decimal places).

Here is the answer from a student c. 76 HPY: 495678.23 = 492279.97(1+r; ). 365 r = 3.32% How many marks should we give for part c? O a. 1 O b. 1.5 O c.0.5 O d. 0