A treasury bill with a face value of 100000 and 120 days to


A Treasury bill with a face value of $100,000 and 120 days to maturity is selling for $98,500.

a) What is the T-bills bank discount yield?

b) What is the T-bills effective annual yield?

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Financial Management: A treasury bill with a face value of 100000 and 120 days to
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