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2. On April 1, $10,000.00 364-day treasury bills were auctioned off to yield 2.92%. (a) What is the price of each $10,000.00 T-bill on April

2. On April 1, $10,000.00 364-day treasury bills were auctioned off to yield 2.92%.

(a) What is the price of each $10,000.00 T-bill on April 1?

(b) What is the yield rate on August 15 if the market price is $9,791.67?

(c) Calculate the market value of each $10,000.00 T-bill on September 4 if the rate of return on that date is 3.195%.

(d) What is the rate of return realized if a S10.000.00 T-bill purchased on April 1 is sold

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