The **effective annual yield** of the treasury bill will equal **15.55%**.

<h3>What is an

**effective annual yield?**</h3>

The **effective annual yield **means **profit **or **returns **that an investor will receive on a bond.

**Three months Yield **= (Par value - Current value) / Current value

**Three months Yield **= (100,000 - 96,454) / 96,454

**Three months Yield **= 0.03676363862

**Three months Yield **= 3.68%

**Effective annual yield **= (1+I)^n-1

**Effective annual yield **= (1+0.0368)^4 - 1

**Effective annual yield** = 1.15552661809 - 1

**Effective annual yield **= 0.15552661809

**Effective annual yield **= 15.55%

In conclusion, the **effective annual yield** of the treasury bill will equal **15.55%**.

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