Problem 9-11 Treasury Bills (LO1, CFA2)

A Treasury bill with 113 days to maturity is quoted at 99.540. What are the bank discount yield, the bond equivalent yield, and the effective annual return? (Do not round intermediate calculations. Enter your answers as a percent rounded to 3 decimal places.)

Problem 9-11 Treasury Bills (LO1, CFA2)

A Treasury bill with 113 days to maturity is quoted at 99.540. What are the bank discount yield, the bond equivalent yield, and the effective annual return? (Do not round intermediate calculations. Enter your answers as a percent rounded to 3 decimal places.)

Bank discount yield: %

Bond equivalent yield: %

Effective annual return: %