A bond with par value of $$1,000$ has an annual coupon rate of $3\mathrm{.}4\%$ and currently sells for $$950.$ What is the bond$$s current yield?

Note: Round your answer to $2$ decimal places.Calculate the effective annual interest rate for the following:

Required:

a$.$ A $3-$month T$-$bill selling at $$97,600$ with par value $$100,000.$

b$.$ A $11\%$ coupon bond selling at par and paying coupons semiannually.

Complete this question by entering your answers in the tabs below.

A $3-$month T$-$bill selling at $$97,600$ with par value $$100,000.$

Note: Round your answer to $2$ decimal places.

Effective annual rate