Q: The bond equivalent yield on a T-bill matures in 45 days, priced at $99.00 with a $100 face value, is ____: A: BEY = 1.01% * 8.111 = 8.19%

Above is the question and the solution but, I am confused about how they came to this solution. I'm not sure where the 1.01% or 8.111 came from?? Any help would be appreciated!