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0.67 of 2 An investor purchased a 91-day, $25,000.00 T-bill on its issue date for $24,834.38. After holding it for 87 days, she sold
0.67 of 2 An investor purchased a 91-day, $25,000.00 T-bill on its issue date for $24,834.38. After holding it for 87 days, she sold the T-bill for a yield of 1.56% (a) What was the original yield of the T-bill? (b) For what price was the T-bill sold? (c) What rate of retum (per annum) did the investor realize while holding this T-bill? (a) The original yield of the T-bill was 2.66 %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) (b) The T-bill sold for $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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