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An investor purchased a 91-day, $5000.00 T-bill on its issue date for $4957.08. After holding it for 31 days, she sold the T-bill for a
An investor purchased a 91-day, $5000.00 T-bill on its issue date for $4957.08. After holding it for 31 days, she sold the T-bill for a yield of 1.54%. (a) What was the original yield of the T-bill? (b) For what price was the T-bill sold? (c) What rate of return (per annum) did the investor realize while holding this T-bill? (a) The original yield of the T-bill was%. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
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