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A six-month $10,000 Treasury bill selling for $9,844. What isthe

Question : A six-month $10,000 Treasury bill selling for $9,844. What isthe : 148568

A six-month $10,000 Treasury bill is selling for $9,844. What isthe annual yield according to the discount method? Does this yieldunderstate or overstate the true annual yield?Explain.

The answer in the back of the book is:

3.12% discount yield

3.19% annualized yield

How did they come up with this? Do not copy the other chegg answer,parts of it were wrong and make it so I can easily copy and pastethe content!

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