Suppose you purchase a T-bill that is 101 days from maturity for $9,830. The T-bill has a face value of $10,000.

a.Calculate the T-bill's quoted discount yield.

b.Calculate the T-bill's bond equivalent yield.

(For all requirements, use 360 days for discount yield and 365 days in a year for bond equivalent yield and effective annual return. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161))