What is the discount yield bond equivalent


What is the discount yield, bond equivalent yield, and effective annual return on a $1 million T-bill that currently sells at 98 3/8 percent of its face value and is 65 days from maturity? (Use 360 days for discount yield and 365 days in a year for bond equivalent yield and effective annual return. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161))

 Discount yield                   %

 Bond equivalent yield         %

 Effective annual return       %

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Financial Management: What is the discount yield bond equivalent
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