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7 15 points Assume that 3-month Treasury bills totaling $26 billion were sold in $10,000 denominations at a discount rate of 5.750%. In addition, the

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7 15 points Assume that 3-month Treasury bills totaling $26 billion were sold in $10,000 denominations at a discount rate of 5.750%. In addition, the Treasury Department sold 6-month bills totaling $24 billion at a discount rate of 5.695% a. What is the discount amount for 3-month bills? (Do not round intermediate calculations. Round your final answer to the nearest cent.) Answer is complete but not entirely Discount amount for 3- month bills $ 1.5083 b. What is the discount amount for 6-month bills? (Do not round intermediate calculations. Round your final answer to the nearest cent.) Answer is complete but not entirely Discount amount for 6-month bills $ 1.37% c. What is the effective rate for 3-month bills? (Do not round intermediate calculations. Round your final answer to the nearest hundredth percent.) Answer is complete but not entirely Effective rate for 3-month 9,425.00% % bills d. What is the effective rate for 6-month bills? (Do not round Intermediate calculations. Round your final answer to the nearest hundredth percent.) Answer is complete but not entirely Effective rate for 6- month bills 9,431.50 %

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