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Consider the Face value for the T-bill to be 1000 ,& as we know the the formula for Bank Discount yield is given by
BD= D/F.V*360/t
So calculate the Discount amount. I.e, D=0.0325*1000*90/360 =8.125
So the initial Price will be 1000-8.125 =991.88,then Calculate the HPY as HPY= 1000-991.88 /991.88 =8.125/991.88
= 0.8191 %
EAY =(1+HPY) ^(365/t) -1
=(1+0.00819) ^ (365/90) – 1 = 3.36%