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You want to compare Treasury bills (T-bills) with coupon paying Treasury bonds with the same maturity. You notice the following quotes for the 4-week (29

You want to compare Treasury bills (T-bills) with coupon paying Treasury bonds with the same maturity. You notice the following quotes for the 4-week (29 day), 2-month (57 day), 3-month (87 day), 6-month (178 day), and 12-month (353 day) T-bills.

days bid yield ask yield
29 0.353 0.293
57 0.700 0.629
87 0.846 0.823
178 1.414 1.396
353 2.082 2.058

Calculate the bond equivalent yield (ask) for the 353 day T-bills.

2.1296%

2.1402%

2.1319%

2.0971%

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