Q5. How much interest would you earn if you held the T Bill in Question #2 to maturity?

Multiple Choice

• $3,406.85

• $5,982.85

• $6,523.85

• $2,489.85

iF I am right I got answer for this one,

Q. What is the purchase price of the $550,000 T Bill with 130 days to maturity and a BEY (bond equivalent yield) of 1.75%?

Multiple Choice

• $ 546,593.15

Would you please give me step by step and I can follow the calculation?

Thanks!