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1. A T-bill with 41 days to maturity has a $10,000 par value, a bid price of $9,995 and an asked price of $9,997. What

1. A T-bill with 41 days to maturity has a $10,000 par value, a bid price of $9,995 and an asked price of $9,997. What is the asked yield?

2. A T-bill has 247 days to maturity. The T-bill par value is $1,000 and has an asked of 1.785%. What is the T-bill asked price in dollars?

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