A U.S. Treasury bill with 67 days to maturity is quoted at a discount yield of 2.15%

a) What is its dollar price? (Assume a face value of $100,000.)

b) What is the effective annual yield (EAY)? b) What is the bond equivalent yield (BEY)?

c) If you were choosing between this T-bill and a (previously issued) Treasury bond that had 67 days to maturity and was quoted at a yield of 2.17%, which would you choose and why?