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On April 1 , $ 2 5 , 0 0 0 . 0 0 3 6 4 - day treasury bills were auctioned off to
On April $day treasury bills were auctioned off to yield
a What is the price of each $ Tbill on April
b What is the yield rate on August if the market price is $
c Calculate the market value of each $ Tbill on September if the rate of return on that
date is
d What is the rate of return realized if a $ Tbill purchased on April is sold on November
at a market rate of
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