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Below is some information on the United States Department latest auction of 9 1 - day Treasury Bills. For Immediate Release February 1 2 ,

Below is some information on the United States Department latest auction of 91-day Treasury Bills.
For Immediate Release
February 12,2024
TREASURY AUCTION RESULTS
Term and Type of Security 91-Day Bill
Price 98.677972
Issue Date February 15,2024
Maturity Date May 16,2024
As you can see the price per $100 face value was $98.677972.
A. Compute the bank discount yield.
B. What was the bond equivalent coupon-issue yield on this instrument?

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