Suppose the cash manager of Smart Products just bought a 91-day T-bill for $992,416.67.What are the discount and bond equivalent yields on this security?
A) 3.06%,3.03%
B) 3.03%,3.06%
C) 3.00%,3.06%
D) 3.00%,3.03%
Correct Answer:
Verified
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