valuation of bond

the face value of a $1,000,000T-bil with 78 days to maturity is priced at $987,845.What is the bank discount yield (annualized) quote for the T-bill? Thanks

BDY = (D/F)(360/t) so, (12,155/1,000,000)(306/78) = 0.0561 or 5.61% note. this is already annualised using 360 days

bluey you are owning this board dude haha

only cos i’ve been stuck in my room all week…this board is my only outlet heheeh

Thanks dude