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Suppose you can purchase a $1 million Treasury bill that is currently selling on a discount basis (i.e., with no explicit interest payments) at 90

Suppose you can purchase a $1 million Treasury bill that is currently selling on a discount basis (i.e., with no explicit interest payments) at 90 1/2 percent of its face value. The T-bill is 140 days from maturity (when the $1 million will be paid). Compute the: 1) Discount Yield, 2) Bond Equivalent Yield (BEY), and 3) Effective Annual Return (EAR) for this bond.

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