In the Global Financial Crisis box in Section​ 6.1, www.Bloomberg.com reported that the​ three-month Treasury bill sold for a price of   $100.002833 per $100 face value. What is the yield to maturity of this​ bond, expressed as an​ EAR? The effective annual rate is ___________%. ​(Round to five decimal places. A negative yield should be entered as a negative​ number.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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In the Global Financial Crisis box in Section​ 6.1, www.Bloomberg.com reported that the​ three-month Treasury bill sold for a price of  
$100.002833
per
$100
face value. What is the yield to maturity of this​ bond, expressed as an​ EAR?
The effective annual rate is
___________%.
​(Round to five decimal places. A negative yield should be entered as a negative​ number.)
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