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What is the discount yield, bond equivalent yield, and effective annual return on a $1 million T-bill that currently sells at 96.375 percent of its
What is the discount yield, bond equivalent yield, and
effective annual return on a $1 million T-bill that
currently sells at 96.375 percent of its face value and is
65 days from maturity? (Use 360 days for discount
yield and 365 days in a year for bond equivalent yield
and effective annual return. Do not round intermediate
calculations. Round your answers to 3 decimal places.
(e.g., 32.161))
Discount yield %
Bond equivalent yield %
Effective annual return %
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