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Suppose you purchase a T-bill that is 103 days from maturity for $9,770. The T-bill has a face value of $10,000. a. Calculate the T-bill's

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Suppose you purchase a T-bill that is 103 days from maturity for $9,770. 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 ar return. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161)) Answer is complete but not entirely correct. a. % T-bill's quoted yield T-bill's bond equivalent yield 8.039 8.327 b. %

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