6. Calculating Bond Yield for a T-Bill. Sandra Waterman purchased a 52-week, $1,000 T-bill issued by the U.S. Treasury. The purchase price was $984. a. What is the amount of the discount? b. What is the amount Ms. Waterman will receive when the T-bill matures? c. What is the current yield for the 52-week T-bill at the time of purchase? 9. Calculating Tax-Equivalent Yield. Assume you are in the 35 percent tax bracket and purchase a 2.8 percent, tax-exempt municipal bond. Use the formula presented in this chapter to calculate the taxable equivalent yield for this investment