1. You are looking at a quote for a treasury bill with 245 days to maturity, and observe that the Ask Yield is quoted at 0.08, which is a bank-discount yield.

What is the actual asking price for this bill, if its face value is $10,000?

Recall that the bank-discount yield calculation is:

r = (F-P)/F * (360/n)

where F is the face value, P is the price, and n is the number of days to maturity.

2. A bond with 4 years to maturity, annual coupons of 5%, and face value of $1000 is selling at 110 [percent of par]. What is the YTM?

Enter answer in percents, to two decimal places.

3. One year ago, you bought shares of NDO for $25 each. During the year, the firm paid $1 in dividends, and today's price is $26. What is your total pre-tax return?

Enter answer as a percentage.