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Assume that 3-month Treasury bills totaling $17 billion were sold in $10,000 denominations at a discount rate of 4.350%. In addition, the Treasury Department sold

Assume that 3-month Treasury bills totaling $17 billion were sold in $10,000 denominations at a discount rate of 4.350%. In addition, the Treasury Department sold 6-month bills totaling $15 billion at a discount rate of 4.295%

What is the discount amount for 3-month bills? (Do not round intermediate calculations. Round your final answer to the nearest cent.)

Discount amount for 3-month bills*$

b. What is the discount amount for 6-month bills? (Do not round intermediate calculations. Round your final answer to the nearest cent.)

Discount amount for 6-month bills*$

c. What is the effective rate for 3-month bills? (Do not round intermediate calculations. Round your final answer to the nearest hundredth percent.)

Effective rate for 3-month bills* %

d. What is the effective rate for 6-month bills? (Do not round intermediate calculations. Round your final answer to the nearest hundredth percent.)

Effective rate for 6-month bills* %

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