Maryellen Epplin Notices That a Particular T-Bill Has a Banker's

Multiple Choice

Maryellen Epplin notices that a particular T-Bill has a banker's discount rate of 9 percent in the Wall Street Journal.She knows that this T-Bill has 20 days to maturity and has a face value of $10,000.
What is the yield to maturity on this T-Bill?

A) 9 percent
B) 0.5 percent
C) 4.5 percent
D) 9.17 percent
E) None of the options is correct.