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3. Suppose that on January 2, 2019, the U.S. Treasury auctioned the following four T-Bills: 28-Day 91-Day 182-Day 270-Day 1/2/2019 1/2/2019 1/2/2019 1/2/2019 1/30/2019
3. Suppose that on January 2, 2019, the U.S. Treasury auctioned the following four T-Bills: 28-Day 91-Day 182-Day 270-Day 1/2/2019 1/2/2019 1/2/2019 1/2/2019 1/30/2019 4/3/2019 7/3/2019 9/29/2019 Issue Date Maturity Date Face Value per $100 Price per $100 100 100 99.50 98.30 100 97.00 100 95.50 a) Determine the bank discount rate for each T-Bill (can use either formula method or DISC function). b) Determine the bond equivalent yield for each T-Bill (can use either the formula method or the YIELDDISC function). 4. The following T-Bill quotes can be found in the Wall Street Journal. Settlement date 5/30/2023 5/30/2023 5/30/2023 8/1/2023 Maturity date 6/29/2023 9/28/2023 Bid 5.108 5.088 5.038 4.608 Ask 5.098 5.078 5.028 4.598 Calculate the bid price, ask price, and ask yield for each bond on the settlement date. Assume face value is $10,000. 5/30/2023 12/28/2023
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