1- If investors require a 10,2 % percent annualized return on a one-year T-bill with a $100.000 par value, what is the price that they are willing to pay?

2- An investor purchases a T-bill with a 5 month (150-day) maturity and $10.000 par value for $9.700. If this T-bill is held to maturity, what is its yield? Assume a year has 365 days.

3-What is the par yield on a $1million T-Bill that currently sells at 97.850% of its face value and is 95 days from maturity? Again 365 days a year.