Today is 14th October 2021, Anne just bought a 270-day $100 000 bank bill for $98,300. She will sell this bank bill on 4 November 2021 at 2.48% p.a. (simple interest).

c) What was her holding period yield, expressed as a percentage and rounded to three decimal places?

a.

4.134%

b.

27.539%

c.

-1.794%

d.

0.642%