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PLEASE SHOW ALL WORK. Thank You You buy a $1 million face value 90 day t-bill at a discount yield of 6 percent. 1. What

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PLEASE SHOW ALL WORK. Thank You

You buy a $1 million face value 90 day t-bill at a discount yield of 6 percent. 1. What is the price of the bill? 2. What is the simple interest yield on the bill? 3 . What is the bond equivalent yield? 4. Suppose you sold the bill after 30 days at a discount yield of 6 percent, what is your holding period yield? 5. What is your profit or loss if you financed the bill with a 30-day term repo @ a repo rate of 5.5 percent? Assume the bill will be sold at the end of 30 day at a price $990,000. 6. What is your profit or loss on a $10 billion portfolio of 90 day t-bills if interest rates rise by 10 basis points

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