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Refer to Table 5-5. Assume a face value of $10,000. a. Calculate the ask price of the Treasury bill maturing on 07 January, 2020, as

image text in transcribedimage text in transcribed Refer to Table 5-5. Assume a face value of $10,000. a. Calculate the ask price of the Treasury bill maturing on 07 January, 2020, as of December 27, 2019. b. Calculate the bid price of the Treasury bill maturing on 12 March, 2020, as of December 27, 2019. (For all requirements, use 360 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) a. Treasury bill ask price b. Treasury bill bid price Amount TABLE 5-5 Treasury Bill Rates Friday, December 27, 2019 Treasury bill bid and ask data are representative over-the-counter quotations as of 3pm Eastern time quoted as a discount to face value. Treasury bill yields are to maturity and based on the asked quote. Maturity Bid Asked Chg Asked Yield 12/31/2019 1.478 1.468 +0.005 1.492 1/2/2020 1.408 1.398 -0.013 1.417 1/7/2020 1.495 1.485 +0.005 1.510 1/9/2020 1.463 1.453 -0.008 1.477 1/14/2020 1.505 1.495 +0.007 1.521 1/16/2020 1.508 1.498 unch. 1.524 1/21/2020 1.508 1.498 -0.020 1.524 1/23/2020 1.503 1.493 -0.025 1.519 1/28/2020 1.528 1.518 -0.010 1.545 1/30/2020 1.510 1.500 -0.030 1.523 2/4/2020 1.523 1.513 -0.020 1.54 2/6/2020 1.520 1.510 -0.020 1.538 2/11/2020 1.535 1.525 -0.028 1.553 2/13/2020 1.525 1.515 -0.025 1.543 2/18/2020 1.533 1.523 -0.018 1.551 2/20/2020 1.525 1.515 -0.018 1.544 2/25/2020 1.530 1.520 n.a. 1.549 2/27/2020 1.513 1.503 -0.033 1.527 3/5/2020 1.525 1.515 -0.020 1.5445 3/12/2020 1.520 1.510 -0.023 1.540 3/19/2020 1.500 1.490 -0.035 1.520 3/26/2020 1.535 1.525 -0.013 1.556 4/2/2020 1.528 1.518 -0.015 1.5489 4/9/2020 1.535 1.525 -0.008 1.557 4/16/2020 1.515 1.505 -0.023 1.537 4/23/2020 1.523 1.513 -0.015 1.545 4/30/2020 1.518 1.508 -0.013 1.5363 5/7/2020 1.520 1.510 -0.018 1.544 5/14/2020 1.523 1.513 -0.020 1.5465 5/21/2020 1.515 1.505 -0.023 1.539 5/28/2020 1.533 1.523 -0.008 1.558 6/4/2020 1.545 1.535 unch. 1.571 6/11/2020 1.538 1.528 -0.015 1.564

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