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1. The following figure shows a partial listing of Treasury bill rates on 09 May 2016. The first column reports the date to maturity for each Treasury bill; the second column reports numbers of remaining days to maturity; the third and fourth columns report the bid yield and asked yield; the fifth column reports the change percentage of the yields on 09 May 2016 compared with that on yesterday. The par value of each T-bill is $10,000. (40 Marks) BID Yield (%) 0.162 ASKED Yield (%) 0.142 CHG (%) 0.002 0.263 0.246 MATURITY DAYS TO MAT 14-Jul-2016 54 01-Sep-2016 115 27-Oct-2016 171 08-Dec-2016 220 27-Apr-2017 353 0.357 0.372 0.343 0.612 0.001 0.001 0.005 0.003 0.330 0.568 (a) Based on the Bank Discount Method, how much price the investor needs to pay to buy the bill maturing on 08-Dec-2016 from the dealer? (b) Based on the Bank Discount Method, how much price the investor can sell the bill maturing on 14-Jul-2016 to the dealer? (c) What is the asked yield of the bill maturing on 27-Apr-2017 at the specific date of 08-May-2016? 1. The following figure shows a partial listing of Treasury bill rates on 09 May 2016. The first column reports the date to maturity for each Treasury bill; the second column reports numbers of remaining days to maturity; the third and fourth columns report the bid yield and asked yield; the fifth column reports the change percentage of the yields on 09 May 2016 compared with that on yesterday. The par value of each T-bill is $10,000. (40 Marks) BID Yield (%) 0.162 ASKED Yield (%) 0.142 CHG (%) 0.002 0.263 0.246 MATURITY DAYS TO MAT 14-Jul-2016 54 01-Sep-2016 115 27-Oct-2016 171 08-Dec-2016 220 27-Apr-2017 353 0.357 0.372 0.343 0.612 0.001 0.001 0.005 0.003 0.330 0.568 (a) Based on the Bank Discount Method, how much price the investor needs to pay to buy the bill maturing on 08-Dec-2016 from the dealer? (b) Based on the Bank Discount Method, how much price the investor can sell the bill maturing on 14-Jul-2016 to the dealer? (c) What is the asked yield of the bill maturing on 27-Apr-2017 at the specific date of 08-May-2016