1.) Suppose a $10,000 T-bill is quoted with bid and asked prices of 2.37 and 2.34, respectively. At what price would you be able to buy a bond for?

2.) Suppose a $10,000 T-bill is quoted with bid and asked prices of 2.75 and 2.73, respectively. At what price would you be able to sell a bond for?

3.) What will the discount yield of a five-month $10,000 Treasury bill selling for $9,800 be?

4.) What will the annualized yield of a seven-month $10,000 Treasury bill selling for $9,550 be?

5.) Suppose the discount yield on a four-month T-bill is 3.40%. What will the annualized yield be?

Can these be demonstrated in Excel?