1. Assume that the Par value of the bills is $100. Using the price of the bills listed in the results of the auction, what is the T-bill discount?

2. Assume that the Par value of the bills is $100. Using the price of the bills listed in the results of the auction, what is the T-bill yield?

TREASURY AUCTION RESULTS Term and Type of Security CUSIP Number 28-Day Bil 912796NY1 High Rate' Allotted at High Price Investment Rate 1.550% 35.02% 99.879444 1.573% Median Rate3 Low Rate .520% 1.490% March 08, 2018 April 05, 2018 Issue Date Maturity Date Tendered Accepted Compettive Noncompetitive FIMA (Noncompetitive) Subtotal $194,660,949,400 $622,778,800 $640,000,000 $195,923,728.200 S63,737,744.400 $622,778,800 $640,000,000 $65,000,523,200 SOMA SO $0 Total $195923,728.200 $65,000,523,200 Tendered Accepted Primary Dealer Direct Bidder Indirect Bidder* Total Competitive $155.750,000,000 $7.155.000,000 $31,755,949 400 $194,660,949,400 $35,041480,000 $5,605.000,000 $23,091.264,400 $63,737,744,400