Calculate the BEY for each of the following two 270-day securities. Instrument T: Quoted on 365 days at a rate of 3.2% Instrument U: using an add on rate of 360 days at 5.6% Calculate the bonds...

Calculate the BEY for each of the following two 270-day securities.

Instrument T: Quoted on 365 days at a rate of 3.2%

Instrument U: using an add on rate of 360 days at 5.6%

Calculate the bonds equivalent yield of each and compare the two results. Bond price is 1000