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1-What is the discount yield, bond equivalent yield, and effective annual return on a $1 million...

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Finance

1-What is the discount yield, bond equivalent yield, andeffective annual return on a $1 million T-bill that currently sellsat 96.375 percent of its face value and is 65 days from maturity?(Use 360 days for discount yield and 365 days in a year forbond equivalent yield and effective annual return. Do not roundintermediate calculations. Round your answers to 3 decimalplaces. (e.g., 32.161))

Discount yield...%

Bond equivalent yield...%

Effective annual return...%

2-What is the discount yield, bond equivalent yield, andeffective annual return on a $2 million commercial paper issue thatcurrently sells at 97.75 percent of its face value and is 130 daysfrom maturity? (Use 360 days for discount yield and 365days in a year for bond equivalent yield and effective annualreturn. Do not round intermediate calculations. Round your answersto 3 decimal places. (e.g., 32.161))

Discount yield...%

Bond equivalent yield...%

Effective annual return...%

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