tterm Exam

An investor buys a T$-$bill at a bank discount quote of $4\mathrm{.}35$ with $120$ days to maturity for $9,855\mathrm{.}00.$ The bill has a face value of $$10,000.$ The investor's bond equivalent yield on this investment is

Multiple Choice

$4\mathrm{.}35\%$

$4\mathrm{.}84\%$

$4\mathrm{.}48\%$

$$

$4\mathrm{.}41\%$