Please show work A Treasury bill has 21 days to maturity and a bank discount yie

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Please show work

A Treasury bill has 21 days to maturity and a bank discount yield of 1.89 percent. What is the bond equivalent yield? A. 1.89 percent B. 1.90 percent C. 1.92 percent D. 1.94 percent E. 1.96 percent A Treasury bill has a face value of $250,000, an asked yield of 2.02 percent, and matures in 32 days. What is the price of this bill? A. $249,397.19 B. $249,408.08 C. $249,511.11 D. $249,670.22 E. $249,717.08 Your credit card has an annual percentage rate of 18.9 percent and compounds interest daily What is the effective annual rate? A. 19.47 percent B. 19.58 percent

Explanation / Answer

ANSWERING TO QUESTION NO. 36 AS IT IS NOT CLEAR WHICH QUESTION STUDENT WANT ME TO ANSWER

Assuming 1 year = 360 days
annual yield 2.02% so equal yield for 32 days
2.02%*32/360 = .001796

so price for T bill = $250000/(1+.001796)

$250000/1.001796 = $249511.9

Answer : Option c

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