1. You would like to purchase a t-bill that is X days from maturity for 9.765 $. The t-bill has a face value of 10.000 $. The discount yield is 6,768%. If 1 year=360 days, what is X?

a) 120

b) 125

c) 130

d) 135

e) Other:

2. Suppose that you invest in a bond that has a maturity of 10 years and a face value of 100.000 $. The coupon rate is 12% and pays annually. The yield to maturity is 10%. What would be the clean price at the end of year 6?

a) 108.710,52 $

b) 107.581,57 $

c) 106.339,73 $

d) 104.973,70 $

e) Other: