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5. A. Calculation of Treasury Bill Price from a Wall Street Journal Quote. The discount yield on the T-bill maturing on November 21, 2013 (or

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5. A. Calculation of Treasury Bill Price from a Wall Street Journal Quote. The discount yield on the T-bill maturing on November 21, 2013 (or 151 days from the settlement date, June 23, 2013) is 0.070 percent. Calculate T- bill price using the discount yield and bond equivalent yield. B. Convert overnight rate: The overnight rate on June 21,2013 was 0.13 percent. Convert the overnight rate to a bond equivalent rate and find EAR on the overnight funds. C. Suppose a bank enters a reserve repurchase agreement in which it agrees to buy overnight funds from one of its correspondent banks at a price of $ 10,000,000 with the promise to sell these funds back at a price of $ 10,000,291.67 ($ 10,000,000 plus interest of S 291.67) after five days. What is the yield on this repo? 5. A. Calculation of Treasury Bill Price from a Wall Street Journal Quote. The discount yield on the T-bill maturing on November 21, 2013 (or 151 days from the settlement date, June 23, 2013) is 0.070 percent. Calculate T- bill price using the discount yield and bond equivalent yield. B. Convert overnight rate: The overnight rate on June 21,2013 was 0.13 percent. Convert the overnight rate to a bond equivalent rate and find EAR on the overnight funds. C. Suppose a bank enters a reserve repurchase agreement in which it agrees to buy overnight funds from one of its correspondent banks at a price of $ 10,000,000 with the promise to sell these funds back at a price of $ 10,000,291.67 ($ 10,000,000 plus interest of S 291.67) after five days. What is the yield on this repo

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