Assume that the Par value of the bills is $1000. Using the price of the bills listed in the results of the auction, what is the T-bill discount? Show your work.

Term and Type of Security 28-Day Bill CUSIP Number 912796VK2 2.290% High Rate Allotted at High 5.03% Price 99.821889 2.332% Investment Rate 2.260% Median Rate 2.220% Low Rate June 11, 2019 July 09, 2019 Issue Date Maturity Date Accepted $38,509,755,700 $1,490,312,400 $0 Tendered Competitive $108,692,808,200 $14 Non etitive 00 FIMA (Noncompetitive) $0 $110,183,120,600 Subtotal $40,000,068,100 $2,666,700 SOMA $2,666,700 Total $110,185,787,300 $40,002,734,800 Tendered Accepted $20,286,917,500 $88.900,000,000 Primary Dealer $1,575,000,000 Direct Bidder 8 $1,050,000,000 Indirect Bidder Total Competitive $18,217,808,200 $17,172,838,200 $38,509,755,700 $108,692,808,200