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Problem 9-13 The treasurer of a large corporation wants to invest $33 million in excess short-term cash in a particular money market investment. The prospectus

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Problem 9-13 The treasurer of a large corporation wants to invest $33 million in excess short-term cash in a particular money market investment. The prospectus quotes the instrument at a true yield of 4.21 percent; that is, the EAR for this investment is 4.21 percent. However, the treasurer wants to know the money market yield on this irsi urii::r it to ralo: eatriles ak le @ l t 1: hilks ant CI 6 % 25 ; liesady E 319g3tt th:: m gl i:: instrument is 91 days, what are the bond equivalent and discount yields on this investment? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Omit the '%" sign in your response.) Bond equivalent yield

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