A Treasury Bill That Settles On May 18 2012 Pays 100 000 On August 21 2012 Assuming 1206028

A Treasury bill that settles on May 18, 2012, pays $100,000 onAugust 21, 2012. Assuming a discount rate of 5.41 percent, what isthe price and bond equivalent yield? Use Excel to answer thisquestion. (Do not round intermediate calculations. Round youranswers to 2 decimal places. Omit the “$” & “%” signs in yourresponse.)

Price   $   
Bond equivalent yield   %

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