Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 22th May 2020 at 4.09% p.a. simple interest rate.

c) What is her holding period yield rate? Expressed as a percentage and rounded to three decimal places.

Select one:

a. 1.118%

b. 0.573%

c. 4.988%

d. 1.782%