1. The following table shows a partial listing of T-bills from the Wall Street Journal Outline. Rather than providing prices of each bill, the financial press reports yields using the bank-discount method. The face value of T-bill is $10,000. Treasury Bills August 6, 2021 Maturity Bid (%) Asked (%) 9/2/2021 0.040 0.030 9/9/2021 0.045 0.035 9/16/2021 0.043 0.033 9/23/2021 0.048 0.038 Consider the bill maturing on September 23. a. What is the price at which the dealer is willing to buy assuming days to maturity are 48 days? b. What is the bond equivalent yield if you purchase the bill? 1/2 (10 marks)