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On 8/19/2022, you bought a $10,000 par T-bill that will mature in 328 days. The T-bill has a bank discount bid quote of 3.055% and
On 8/19/2022, you bought a $10,000 par T-bill that will mature in 328 days. The T-bill has a bank discount bid quote of 3.055% and ask quote of 3.045%.
(1) What is this T-bill's cost ?
(2) What is the return on this investment if you hold the T-bill till its maturity?
(3) What is the asked yield?
Please show work (by hand) and provide explanation
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