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1. U.S. Treasury bills are available for purchase this week at the following prices (based upon $100 par value) and with the indicated maturities: b.

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1. U.S. Treasury bills are available for purchase this week at the following prices (based upon $100 par value) and with the indicated maturities: b. c. $97.25, 182 days. $95.75, 270 days. $98.75, 91 days. Calculate the bank discount rate (DR) on each bill if it is held to maturity. What is the equivalent yield to maturity (sometimes called the bond-equivalent or coupon-equivalent yield) on each of these Treasury Bills

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