If the face value of a 91-day Treasury Bill is £100000 and it is issued at a discount of £2300, what is the annual interest rate (yield) that the purchaser receives (expressed as a percentage to 2...

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Extracted text: If the face value of a 91-day Treasury Bill is £100000 and it is issued at a discount of £2300, what is the annual interest rate (yield) that the purchaser receives (expressed as a percentage to 2 decimal places)? Answer the question by providing the appropriate number including decimal point in the box below (e.g., 1.23). Do not enter a comma, space, letters, words or symbols (such as %). Failure to follow these instructions will result in your answer being marked as incorrect. %


Extracted text: If the price at which a 91-day Treasury Bill is sold increases which of the following statements are true. (Select one or more answers) Select one or more: The Bill's discount falls The Bill's discount rises The Bill's yield rises The Bill's yield falls