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A Treasury bill purchased in January 2024 has 55 days until maturity and a bank discount yield of 2.48 percent. a. What is the price

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A Treasury bill purchased in January 2024 has 55 days until maturity and a bank discount yield of 2.48 percent. a. What is the price of the bill as a percentage of face value? Note: Do not round intermediate calculations. Round your answer to 3 decimal places. b. What is the bond equivalent yield? Note: Use 366 days a year. Do not round intermediate calculations. Enter your answer as a percent rounded to 3 decimal places

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