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 28th May 2020 at 3.76% p.a. simple interest rate.

a) What is the implied per annual simple interest rate for her purchasing (expressed as a percentage and rounded to three decimal places)?

Select one:

a. 0.072

b. 0.083

c. 0.031

d. 0.032

b) What is her selling price (rounded to four decimal places)?

Select one:

a. 99314.5392

b. 98748.7853

c. 98849.3395

d. 98950.0988

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

Select one:

a. 2.489%

b. 1.932%

c. 4.505%

d. 1.146%