Question 2. (30 pts) Consider Treasury bills with a face value $100 (and zero coupon). All yields are annualized using 360 days for a year and expressed in percentage points. (1) (8 pts) If Tbills have a yield 0.50 and a current maturity of 250 days, compute the actual interest rate of the Tbills in the current maturity (not annualized), express the result in percentage points, and round up the result to the fth digit after the decimal point. Use this interest rate to compute the price of the Tbills, round up the result to the gird digit after the decimal point, and then express the result in the quoted format ## - (33 (6 pts) If the yield of the Tbills in part (1) increases by 30 basis points, with the current maturity being xed, What is the percentage change in the price of the Tbills'? (3) (8 pts) If Tbills have a price quote 99% and a current maturity 350 days, compute the price of the Tbills in the decimal format rst (round up the result to the third digit after the decimal point). Then, compute the yield on the Tbills and round up the result to the third digit after the decimal point. (Remember that all yields are expressed in percentage terms). (4) (8 pts) If Tbills have a price quote 99% and a yield 0.8, What is the bills' current maturity? (Round up the result to integer days.)