You can purchase a T-bill that is 91 days from maturity for $10965. The T-bill has a face value of $11000.
Calculate the T-bill%u2019s quoted yield. (Use 360 days in a
year. Do not round intermediate calculations. Round your
answer to 3 decimal places. (e.g. 32.161))
Calculate the T-bill%u2019s bond equivalent yield. (Use 365 days in a
year. Do not round intermediate calculations. Round your
answer to 3 decimal places. (e.g. 32.161))
Calculate the T-bill%u2019s EAR. (Use 365 days in a
year. Do not round intermediate calculations. Round your
answer to 3 decimal places. (e.g. 32.161))