1. You would like to purchase a Treasury bill that has a $10,000 face value and is 68 days from maturity. The current price of the Treasury bill is $9,875. Calculate the discount yield on this Treasury bill. 2. Suppose you purchase a Treasury bill that is 125 days from maturity for $9,765. The Treasury bill has a face value of $10,000. a. Calculate the Treasury bill's quoted discount yield. b. Calculate the Treasury bill's bond equivalent yield. 3. You can purchase a Treasury bill that is 95 days from maturity for $9,965. The Treasury bill has a face value of $10,000. a. Calculate the Treasury bill's quoted discount yield b. Calculate the Treasury bill's bond equivalent yield c. Calculate the Treasury bill's EAR 4. What is the discount yield, bond equivalent yield, and effective annual return on a $5 million commercial paper issue that currently sells at 98.625 percent of its face value and is 136 days from maturity? 5. A $1,000 face value corporate bond with a 6.5% coupon (paid semiannually) has 15 year left to maturity. It has had a credit rating of BBB and a yield to maturity of 7.2%. The firm has recently gotten into some trouble and the rating agency is downgrading the bonds to BB. The new appropriate discount rate will be 8.5%. What will be the change in the bond's price in dollars and percentage terms