Assume that 3-month Treasury bills totaling $24 billion were sold in $10,000 denominations at a discount rate of 5.450%. In addition, the Treasury Department sold 6-month bills totaling $22 billion at a discount rate of 5.395%.

a.	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