1) The U.S. Treasury bills are available for purchase this week at the following prices (based upon $100 par value) and with the indicated maturity: $95.35, 270 days. What is the equivalent yield to maturity on this Treasury bill?

Answer: __________% (two decimal points)

2) The U.S. Treasury bills are available for purchase this week at the following prices (based upon $100 par value) and with the indicated maturity: $96.65, 91 days. Calculate the bank discount rate "DR" on this bill if it is held to maturity.

Answer: __________% (two decimal points)