Smith just bought a 100,000 182-day Canadian T-bill at a quoted yield rate of 10%. (a) Find the price, P, that Smith paid for the T-bill. im 81.1* dP (b) Find d. Use the linear differential approximation di f(x+h) = f(x) +hx f'(x) to find the approximate change in the price of the T-bill if the yield rate changes to 10.1% immedi- ately after Smith purchases it. (c) Suppose the T-bill matures in 91 days instead of 182 days. Find the price and dat a quoted nominal yield of 10%. What happens to d dP di as a T-bill approaches its due date? bei wnion) doas to ysh jest sur m di

2.15 Smith just bought a 100,000 182-day Canadian T-bill at a quoted yield rate of 10%. (a) Find the price, P, that Smith paid for the T-bill. (b) Find didP. Use the linear differential approximation f(x+h)f(x)+hf(x) to find the approximate change in the price of the T-bill if the yield rate changes to 10.1% immediately after Smith purchases it. (c) Suppose the T-bill matures in 91 days instead of 182 days. Find the price and didP at a quoted nominal yield of 10%. What happens to didP as a T-bill approaches its due date