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Assume that 3-month Treasury bills totaling $14 billion were sold in $10,000 denominations at a discount rate of 3.800%. In addition, the Treasury Department sold

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Assume that 3-month Treasury bills totaling $14 billion were sold in $10,000 denominations at a discount rate of 3.800%. In addition, the Treasury Department sold 6-month bills totaling $12 billion at a discount rate of 3.745%. 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.)

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