Which of the following are typical Treasury bill maturities? Check all that apply.

$15$ weeks

$26$ weeks

$40$ weeks

$52$ weeks

Which of the following are characteristics of Treasury bills? Check all that apply.

Their typical maturities are greater than $1$ year.

Their typical maturities are $4$ weeks, $13$ weeks, $26$ weeks, and $1$ year.

They are virtually free of credit $($default$)$ risk.

Firms are the only financial market participant that invests in this type of security.

Suppose Becky purchases a Treasury bill with a $26-$week maturity and a $$1,000$ par value for $$992.$ If this security is held until maturity, then assuming a $365$ day year, its yield is: