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Show all workings. 1. Calculate the price of a 220-day T-bill purchased at an 8% discount rate if the T-bill has a face value of
Show all workings. 1. Calculate the price of a 220-day T-bill purchased at an 8% discount rate if the T-bill has a face value of $5,000. 2. A commercial paper's annualized discount rate is 5.2%. Its face value is $19,000,000, and it matures in 75 days. What would its price be? What would its price be if it matures in 130 days? 3. The annualized yield is 5.5% for a 105-day T-bill and 6% for a 185 day T-bill. What is the expected rate for 105 T-bills from now
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