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How could I rephrase this question into one that gives me $ amounts to work with? TBill Calculations using % of par value: 6. What

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How could I rephrase this question into one that gives me $ amounts to work with?

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TBill Calculations using % of par value: 6. What is the annualized T-Bill yield on a one-year T-bill you buy for 97.5 and hold for the remaining -umu maturity? Par PP 365 100 97.5 365 YT = --- x -- = ---- x ---- = 02564] x 1.3518519 = .0346629 5 3.467% PP n m - where: YT = T-Bill Yield on t-bill S = selling price (or Par if held to maturity) P = purchase price 11 = # days

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