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).

a) What is the (simple interest) purchase yield for her purchase (expressed as a percentage and rounded to three decimal places)?

a.

30.059% p.a.

b.

2.338% p.a.

c.

12.377% p.a.

d.

3.507% p.a.