1. The following figure shows a partial listing of Treasury bill rates on 09 May 2016. The first column reports the date to maturity for each Treasury bill; the second column reports numbers of remaining days to maturity; the third and fourth columns report the bid yield and asked yield; the fifth column reports the change percentage of the yields on 09 May 2016 compared with that on yesterday. The par value of each T-bill is $10,000. (40 Marks) (a) Based on the Bank Discount Method, how much price the investor needs to pay to buy the bill maturing on 27-Oct-2016 from the dealer? (b) Based on the Bank Discount Method, how much price the investor can sell the bill maturing on 08-Dec-2016 to the dealer? (c) What is the asked yield of the bill maturing on 27-Apr-2017 at the specific date of 08-May-2016