A U.S. Treasury bill with 35 days to maturity is quoted at a discount yield of 2.87 percent. Assume a $1 million face value.

Requirement 1: What is the bond equivalent yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Bond Equivalent Yield % Requirement 2: What is the price of this U.S. Treasury bill in dollars? (Enter your answer in dollars with 1000 separator. Do not round intermediate calculations. Round your answer to 2 decim places.) Price of the U.S. Treasury Bill: $

Requirement 3: What is the effective annual rate of this U.S. Treasury bill? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Effective Annual Rate: %