1. What is the price of a 90-day T-bill with a face value of 1.000 $ selling at a discount of 10% assuming that 1 year = 360 days?

a) 970 $

b) 975 $

c) 980 $

d) 985 $

e) Other:

2. A t-bill that is 225 days from maturity is selling for 95.850 $. The t-bill has a face value of 100.000 $. What is the effective annual rate? (1 year=360 days)

a) 6,64%

b) 6,96%

c) 7,02%

d) 7,13%

e) Other: