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1 1 - 2 0 . Assume that 3 - month Treasury bills totaling $ 1 2 billion were sold in $ 1 0 ,

11-20.Assume that 3-month Treasury bills totaling $12 billion were sold in $10,000 denominations at a discount rate of 3.605%. In addition, hte Treasury Department sold 6-month bils totaling $10 billion at a discount rate of 3.55%.(a) What si the discount amount for 3-month bills? (b) What si the discount amount for 6-month bills? (c) What si the effective rate for 3-month bills? (d) What is hte effective rate for 6-month bills? Round ot the nearest hun-

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