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11. On April 1, $25000, 364-day treasury bills were auctioned off to yield 2.92%. 2018, if money is worth 7.2%. a. What is the
11. On April 1, $25000, 364-day treasury bills were auctioned off to yield 2.92%. 2018, if money is worth 7.2%. a. What is the price of each $25000 T-bill on April 1? b. What is the yield rate on August 15 if the market price is $24377.64? c. Calculate the market value of each $25000 T-bill on October 1 if the rate of return on that date is 4.545% d. What is the rate of return realized if a $25000 T-bill purchased on April1 is sold on November 20 at a market rate of 4.625%?
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