What are the equivalent yields that the treasurer needs to


The treasurer of a large corporation wants to invest $43 million in excess short-term cash in a T-Bill. The Wall Street Journal quotes the instrument at a discount yield of 3.35 percent; that is, this instrument is quoted on a bank discount basis. However, the treasurer wants to know the yields on this instrument to make it comparable to the CDs she has already bought. She knows the CDs' simple annualized rate (APR) and effective annualized rate of return (compounded per annum). If the term of the T-bill is 77 days, what are the equivalent yields that the treasurer needs to know and how much are they? (list their names and the yields in percentage.)

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Financial Management: What are the equivalent yields that the treasurer needs to
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