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Answer 5 ,6 Explain the column headings in the following Treasury bill auction results. Show how the price per $ 100 is calculated. 5. Bills

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Explain the column headings in the following Treasury bill auction results. Show how the price per $ 100 is calculated. 5. Bills CMB CUSIP Issue Date High Investment Price per Rate Rate $100 4-Week No 912796ET2 07/23/2015 0.035% 0.036% $99.997278 Suppose Big Bank enters a reverse repurchase agreement agreeing to buy T-bills from a dealer at a price of $ 34,950,000 with a promise to sell them back at a price of $35,000,000. Calculate 6. Explain the column headings in the following Treasury bill auction results. Show how the price per $ 100 is calculated. 5. Bills CMB CUSIP Issue Date High Investment Price per Rate Rate $100 4-Week No 912796ET2 07/23/2015 0.035% 0.036% $99.997278 Suppose Big Bank enters a reverse repurchase agreement agreeing to buy T-bills from a dealer at a price of $ 34,950,000 with a promise to sell them back at a price of $35,000,000. Calculate 6

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