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On 12 March 2021 Jenny bought a 180-day $100 000 bank bill for $97 500. She sold this bank bill on 29 May 2021 at

On 12 March 2021 Jenny bought a 180-day $100 000 bank bill for $97 500. She sold this bank bill on 29 May 2021 at 3.24% p.a. (simple interest).

What was her holding period yield, expressed as a percentage and rounded to three decimal places?

7.692%

8.698%

8.111%

5.882%

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