Q1) Assume an investor purchased a six-month T-bill with a $10,000 par value for $9,000 and sold it ninety days later for $9,100. What is the yield? (0.5 marks)

Q2) Phil purchased negotiable certificate of deposit a year ago in the secondary market for $9,80,000. The NCD matures today and he sells and receives $1 million, plus he received $45000 in interest. What is Phils return on NCD? (0.5 marks)

Q3) Stanford Corporation arranged a repurchase agreement in which it purchased securities for $4,900,000 and will sell the securities back for $5,000,000 in 40 days. What is the yield (or repo rate) to Stanford Corporation?