The formula for the measure of the interest rate called the yield on a discount basis is peculiar because _________
A.
it puts the yield on the annual basis of a 360-day year.
B.
it uses the percentage gain on the purchase price of the bill.
C.
it ignores the time to maturity.
D.
both (a) and (b) of the above.
E.
both (a) and (c) of the above.