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THE ANSWER MUST BE 1.26 PLEASE, O NOT POST HTE SOLUTION WITH A WRONG ANSWER You purchase a T-bill (traded on Oct 2, 2020) at

image text in transcribedTHE ANSWER MUST BE 1.26

PLEASE, O NOT POST HTE SOLUTION WITH A WRONG ANSWER

You purchase a T-bill (traded on Oct 2, 2020) at a price of 99.8% of face. The T-bill will mature on Dec 1, 2020. What is the bank discount yield of the T-bill? Write your answer to the nearest 0.01%, but without writing the %. For example, if your answer is 5.02%, put an answer of 5.02 into the box, not 0.0502

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