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Sandra Waterman purchased a 52-week, $4,800 T-bill issued by the U.S. Treasury. The purchase price was $4,781. (a) What is the amount of the discount?
| Sandra Waterman purchased a 52-week, $4,800 T-bill issued by the U.S. Treasury. The purchase price was $4,781. |
| (a) | What is the amount of the discount? |
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| (b) | What is the amount Ms. Waterman will receive when the T-bill matures? |
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| (c) | What is the current yield for the 52-week T-bill at the time of purchase? (Enter your answer as a percent rounded to 2 decimal places.) |
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