A T-bill with face value $10,000 and 82 days to maturity is selling at a bank discount ask yield of 2.9%.

Face Value $10,000.00

days to maturity 82 days

Asked yield 2.90%

a.What is the price of the bill?

(Use 360 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)

b.What is its bond equivalent yield?

(Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)