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What is the Effective Annual Yield of a 140-day T-bill priced at $9,936.00? Recall: When using an Effective Annual Yield, you use compounded interest rate,

What is the Effective Annual Yield of a 140-day T-bill priced at $9,936.00?

Recall:

  • When using an Effective Annual Yield, you use compounded interest rate, 365 days, and the price as the initial price.

{Give your answer as a percentage with 2 decimals, e.g., if the answer is 0.0345224 (or 3.45224%) , enter 3.45 as your answer.}

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