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six-month Treasury bill and a nine-month bill both sell at a discount of 8%. a-1....

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Finance

six-month Treasury bill and a nine-month bill both sell at a discount of 8%.

a-1. Calculate the annual yield of the six-month Treasury bill. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Annual yield %

a-2. Calculate the annual yield of the nine-month Treasury bill. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Annual yield %

Answers are NOT 8.16 or 8.08 respectively.

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