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See quoted data on Treasury Bill Rates below: Current date: May 16, 2016 Maturity: September 15, 2016 Bid: 0.263 Asked: 0.253 Chg: 0.003 Asked Yield:

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See quoted data on Treasury Bill Rates below: Current date: May 16, 2016 Maturity: September 15, 2016 Bid: 0.263 Asked: 0.253 Chg: 0.003 Asked Yield: 0.257 Calculate the ask price of the T-bill maturing on September 15, 2016 as of May 16, 2016, assuming 121 days to maturity

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