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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 15 November

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 15 November 2021 at 2.42% 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.

10.181% p.a.

b.

19.726% p.a.

c.

2.338% p.a.

d.

3.507% p.a.

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