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1. (8 points) A 180-day T-bill, face value $10,000, is trading at a discount rate of 5%. NOS going? azonian lo gello leome (a)

1. (8 points) A 180-day T-bill, face value $10,000, is trading at a discount rate of 5%. NOS going? azonian lo gello leome (a) If you hold the T-bill until maturity, what is the rate of return you will earn? noi mun e mbur? (I sisih-mbu18 (b) Is it true that you always earn a positive return by holding a 180-day T-bill until maturity? Why?

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