A treasury bill that settles on may 18 2012 pays 100000 on, Financial Management

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A treasury bill that settles on may 18 2012 pays 100000 on

A Treasury bill that settles on May 18, 2012, pays $100,000 on August 21, 2012. Assuming a discount rate of 5.41 percent, what is the price and bond equivalent yield? Use Excel to answer this question. (Do not round intermediate calculations. Round your answers to 2 decimal places. Omit the "$" & "%" signs in your response.)

Price $

Bond equivalent yield %

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