Business, 02.04.2021 21:10 Sk8terkaylee

The discount yield on a T-bill differs from the T-bill's bond equivalent yield (BEY) because: I. the discount yield is the return per dollar of face value and the BEY is a return per dollar originally invested.
II. a 360-day year is used on the discount yield and the BEY uses 365 days.
III. the discount yield is calculated without compounding, and the BEY is calculated with compounding.

a. I only
b. II only
c. I and II only
d. II and IIlI only
e. I, II, and II

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The discount yield on a T-bill differs from the T-bill's bond equivalent yield (BEY) because: I. th...

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