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3. Mid Yld % Mid Yld Chg Chg -0.452% Price Mid Yld Maturity -0.008 1M 1.718% 1.661% 1.627% 12 Nov 19 1.693/1.683 -0.156 % -0.160

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3. Mid Yld % Mid Yld Chg Chg -0.452% Price Mid Yld Maturity -0.008 1M 1.718% 1.661% 1.627% 12 Nov 19 1.693/1.683 -0.156 % -0.160 % 0.000 % -0.003 -0.003 0.000 16 Jan 20 16 Apr 20 08 Oct 20 3M 1.633/1.623 1.593/1.583 1.600/1.590 6M 1Y 1.595% a Compute the price at which you could sell the 6-month Treasury bill shown in the above table. (10 pts) b. Compute the effective annual yield on the 6-month Treasury Bill shown in the above table. (10 pts)

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