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Please answer with details. FIGURE 2.1 Treasury bill listings Source: Wall Street Journal Online, April 18, 2017 BID ASKED CHG ASKED YIELD 0.730 MATURITY June

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FIGURE 2.1 Treasury bill listings Source: Wall Street Journal Online, April 18, 2017 BID ASKED CHG ASKED YIELD 0.730 MATURITY June 8, 2017 August 17, 2017 October 12, 2017 December 7, 2017 March 29, 2018 DAYS TO MATURITY 51 121 177 233 345 0.793 0.905 0.928 0.988 0.720 0.783 0.895 0.918 0.978 unch -0.010 -0.028 -0.023 -0.020 0.731 0.795 0.911 0.936 1.000 Please answer the following three questions regarding the December 7, 2017 T-bill in Figure 2-1. Assume that the par value of the bill is $10,000. Q1: How much do you have to pay to buy the T-bill?- Q2: How much will you receive if you sell the bill?4 t Q3: Please double check the Asked Yield, using the result from Q1

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