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An investor purchased a 364-day, $25,000.00 T-bill on its issue date for $24,557.34. After holding it for 231 days, she sold theT-bill for a yield

An investor purchased a 364-day, $25,000.00 T-bill on its issue date for $24,557.34. After holding it for 231 days, she sold theT-bill for a yield of 1.77%.

(a) What was the original yield of theT-bill?

(Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places asneeded.)

(b) For what price was theT-bill sold?

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)

(c) What rate of return(per annum) did the investor realize while holding thisT-bill?

(Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places asneeded.)

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