2. Question 36

   1 Point

   For the next 3 questions suppose the following holds:

   A treasury bill has a face value of $10,000 and has ask price of $9,862.5. This treasury bill matures in 90 days.

   What is the bank discount yield based on the ask price?

   1. 4.25%

   2. 4.5%

   3. 4.75%

   4. 5.0%

   5. 5.5%

3. Question 37

   1 Point

   What is the bond equivalent yield based on the ask price?

   1. 4.41%

   2. 4.61%

   3. 4.88%

   4. 5.22%

   5. 5.65%

4. Question 38

   1 Point

   What is the effective annual yield based on the ask price?

   1. 4.56%

   2. 4.70%

   3. 5.08%

   4. 5.45%

   5. 5.78%