1. Assume you got this information from The Wall Street Journal on Jan 27, 2021.

Maturity: Apr 19, 2021

Days to Maturity: 82

Bid: 0.038

Asked (%): .035

Ask yld. (%:) -

1. Calculate the bid price of this Treasury bill.

2. Calculate the asked price of this Treasury bill

3. Using your results in Section (b), compute the banker's discount yield and bond

   equivalent yield based on the ask price.

4. Compute the effective annual yield based on the ask price.

5. How are effective annual yield, bank discount yield, and bond equivalent yield

   compared?