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