A 90-day banker's acceptance is quoted at a discount rate of 3.5% for a 360-day year.

A. What is the principal per 100 of redemption? Answer to two decimal places.

B. The bond equivalent yield for a 365-day year is %.

Include two decimal places in your answer and do not include the percent symbol. For example, if the bond equivalent yield is 95.25% then answer 95.25, not .95, not 95.25%.