Investment Management Homework Answer the following questions on paper (handwritten): 1. The rate on a money market instrument, quoted on a discount basis, is 5%. The instrument has a face value of $100,000 and will mature in 40 days. What is its price? 2. Suppose a T-bill has 75 days to maturity and an ask discount of 4%. What is the bond equivalent yield? 3. A US treasury bill with 180 days to maturity has a discount yield of 5% and a face value of $100,000. What is the current price? 4. A credit Card company states an annual percentage return rate of 12%, which is actually a rate of 1% per month. What is the EAR