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Can anyone help with finding the correct answer? It does not take the answers that have been previously posted. Refer to Table 5-5 Assume a

Can anyone help with finding the correct answer? It does not take the answers that have been previously posted.image text in transcribedimage text in transcribed

Refer to Table 5-5 Assume a face value of $10,000. a. Calculate the ask price of the T-bill maturing on September 1, 2016, as of May 16, 2016. b. Calculate the bid price of the T-bill maturing on November 10, 2016, as of May 16, 2016. (For all requirements, use 360 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) > Answer is complete but not entirely correct. a. T-bill ask price T-bill bid price $ 9,992.62 X 9,988.88 X b. TABLE 5-5 Treasury Bill Rates Monday, May 16, 2016 Treasury bill bid and ask data are representative over-the-counter quotations as of 3 p.m. Eastern time quoted as a discount to face value. Treasury bill yields are to maturity and based on the asked quote. Asked Bid 0.168 0.173 Chg -0.030 Maturity 5/19/2016 5/26/2016 6/2/2016 0.158 Asked Yield 0.160 0.165 0.163 -0.055 0.203 0.193 -0.038 0.196 6/9/2016 0.195 0.185 -0.038 0.188 0.183 0,028 0.186 0.193 0.203 0.193 -0.010 0.196 0.210 -0.010 0.203 0.208 -0.015 0.201 6/16/2016 6/23/2016 6/30/2016 7/7/2016 7/14/2016 7/21/2016 7/28/2016 8/4/2016 0.215 0.200 0.198 0.205 0.223 0.235 0.209 -0.020 -0.023 0.233 0.226 0.245 -0.008 0.239 0.255 0.245 -0.005 0.249 8/11/2016 0.255 0.245 -0.020 0.249 0.245 -0.018 0.249 0.255 0.265 0.258 0.255 0.005 0.259 0.248 0.252 -0.015 -0.015 0.255 0.245 0.249 0.263 0.253 0.003 0.257 0.278 0.268 -0.018 0.272 S/18/2016 8/25/2016 9/1/2016 9/8/2016 9/15/2016 9/22/2016 9/29/2016 10/6/2016 10/13/2016 10/20/2016 10/27/2016 11/3/2016 11/10/2016 0.280 0.270 -0.013 0.274 0.303 0.293 -0.013 0.297 0.298 -0.005 0.303 0.308 0.323 0.313 0.317 0.320 0.315 0.310 0.328 0.338 0.333 -0.025 -0.025 -0.025 -0.025 -0.005 -0.005 0.345 0.335 0.341 12/8/2016 0.350 0.340 0.346 1/5/2017 0.338 0.328 0.334 2/2/2017 0.428 0.418 0.003 0.426 3/2/2017 0.460 0.450 -0.010 0.458

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