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Q4. ABC bunk bid for a TL 10,000 91-day Treasury bill (T-bill). The average price...

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Accounting

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Q4. ABC bunk bid for a TL 10,000 91-day Treasury bill (T-bill). The average price at the auction was 96 percent offer: a) Cakulate the bond-equivalent yield ( 10pts) and the effective annual yield ( 5 pts) that the bank will cam if te bell is beld until maturity. b) What bolding period yield will the bank earn if the bill is sold after five weeks at a price of TL 9,750 ? ( 5pts ). Caloulate the effective annual yield. ( 5pts )

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