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On 12 March 2021 Annabel bought a 180-day $100 000 bank bill for $97 500. She sold this bank bill on 7 May 2021 at

On 12 March 2021 Annabel bought a 180-day $100 000 bank bill for $97 500. She sold this bank bill on 7 May 2021 at 9.37% p.a. (simple interest). c) What was her holding period yield, expressed as a percentage and rounded to three decimal places?

a. -1.766% b. -2.295% c. 7.238% d. -3.911%

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