Rawan and Razan wants to buy T-bills. Rawan calculate with annulized yields and Razan calculate with discount. They found that:

a.

T-Bills Yield is higher than the T-Bills Discount

b.

The Yield is always higher at the end of the maturity

c.

The higher the forecast selling price, the lower the annualized yield

d.

T-Bills Discount is always higher than T-Bills Yield