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?

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

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

(a) The original yield of theT-bill was

%.

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

(b) TheT-bill sold for $

.

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

(c) The investor realized a rate of return of

%.

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