1)

Calculate the bond equivalent yield for a ???-day T-bill that is purchased at the given asked yield. If the bill has a face value of $10,000, calculate its price. Okay, we struggles on these so we have a bunch
		T-bill	T-bill
	Face value	$10,000.00	$10,000.00
	discount asked yield	1.851%	2.851%
	term	365	182
	Par = Pf	$10,000.00	$10,000.00
	Price today P0
	BEY = bond equivalent yield

2)

Suppose ???-day fed funds trade at ???? percent annually. What is the yield on fed funds on a bond-equivalent basis? I am looking for decimal places here, right?
	quoted fed funds rate (annual)	0.255%		1.020%
	term	7		14
	BEY = bond equivalent yield	x		x