8.2 T-bills

Borat bought a $100,000 Face, 182-day Government of Kazakhstan T-bill for $90,931.74. He sold the T-bill 109 days later at an interest rate (discounted rate) of 18%. Determine:

a) The rate associated with the purchase

b) The amount he sold the T-bill

c) The yield (or rate of return) he realized on his investment over the 109 days (correct to 2 decimal places-as always).