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You look in the newspaper and see the following quote for a Treasury Bill: Bid=0.195 and Asked=0.210. You can sell the Treasury Bill for $9,997.08.
You look in the newspaper and see the following quote for a Treasury Bill:
Bid=0.195 and Asked=0.210.
You can sell the Treasury Bill for $9,997.08. What is the asked yield (i.e. the bond equivalent yield using the asked)? Enter your answer as a percentage and to 4 decimal places (e.g. write 4.25 if the answer is four and a quarter percent).
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