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A T-bill with face value $10,000 and 93 days to maturity is selling at a bank discount ask yield of 4.0%. Required: 0. What is
A T-bill with face value $10,000 and 93 days to maturity is selling at a bank discount ask yield of 4.0%. Required: 0. What is the price of the bill? (Use 360 doys o year. Do not round intermediate colculations. Round your answer to 2 decimal ploces.) Price of the bing b. What is its bond equivalent yield? (Use 365 days a year, Do not round intermediate calculations. Round your answer to 2 decimel ploces.)
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