Problem 15-6 Calculating Bond Yield for a T-Bill

Problem 15-6 Calculating Bond Yield for a T-Bill [LO15-4] Sandra Waterman purchased a 52 -week, $4,000 T-bill issued by the U.S. Treasury. The purchase price was $3,985. a. What is the amount of the discount? b. What is the amount Ms. Waterman will receive when the T.bill matures? c. What is the current yield for the 52 -week T-bill at the time of purchase? Note: Enter your answer as a percent rounded to 2 decimal places