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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 1,$25,000.00364-day treasury bills were auctioned off to yield 2.05%.
(a) What is the price of each $25,000.00 T-bill on April 1?
(b) What is the yield rate on August 16 if the market price is $24,587.74?
(c) Calculate the market value of each $25,000.00 T-bill on September 24 if the rate of return on that
date is 3.202%.
(d) What is the rate of return realized if a $25,000.00 T-bill purchased on April 1 is sold on November
6 at a market rate of 3.064%?
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