High Rate - 2.410%

Investment Rate - 2.458%

Price per $100 - 99.390806

This is a 91-day T-bill with par value $100 issued on January 10, 2019 and maturing on April 11, 2019.

(a) Calculate the rate of interest that a purchaser of this bill would earn over the period, and convert this to an annual investment rate. Verify that your answer corresponds to the published investment rate.

(b) Calculate the discount rate and verify that your answer corresponds to the published high rate.

(c) Determine how much the investor would have paid for this asset if the investment rate was 1.5%. (Round to two decimal places)

(d) Determine how much the investor would have paid for this asset if the discount rate was 1.5%. (Round to two decimal places)