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Assume that 3 - month Treasury bills totaling $ 1 5 billion were sold in $ 1 0 , 0 0 0 denominations at a

Assume that 3-month Treasury bills totaling $15 billion were sold in
$10,000 denominations at a discount rate of 4.050%. In addition, the
Treasury Department sold 6-month bills totaling $13 billion at a discount
rate of 3.995%.
a. What is the discount amount for 3-month bills? (Do not round
intermediate calculations. Round your final answer to the nearest
cent.)
b. What is the discount amount for 6-month bills? (Do not round
intermediate calculations. Round your final answer to the nearest
cent.)
c. What is the effective rate for 3-month bills? (Do not round
intermediate calculations. Round your final answer to the nearest
hundredth percent.)
d. What is the effective rate for 6-month bills? (Do not round
intermediate calculations. Round your final answer to the nearest
hundredth percent.)
Discount amount for 3-month bills
Discount amount for 6-month bills
Effective rate for 3-month bills %
Effective rate for 6-month bills %

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