TABLE 5-5 Treasury Bill Rates Monday, May 16, 2016 Treasury bill bid and ask data are representative over-the-counter quotations as of 3 p... Eastern time quoted as a discount to face value. Treasury bill yields are to maturity and based on the asked quole. Bid Asked Maturity 5/19/2016 Cha -0.030 0.158 0.165 0.173 Asked Yield 0.160 0.165 0.196 5/26/2016 0.163 -0.055 0.203 0.193 -0.038 6/2/2016 6/9/2016 0.195 0.185 -0.035 O.IS 6/16/2016 0.183 0025 0.186 0.193 0.203 6/23/2016 0.193 -0.010 0.196 0.210 0200 -0.010 0203 6/30/2016 711/2016 0.208 0.198 -0.015 0.201 7/14/2016 0.215 0.205 0.209 -0.020 -0.023 7/21/2016 0.233 0.223 0.226 7/28/2016 0.245 0.235 -0.008 0.239 8/4/2016 0.255 0.245 -0.005 0.29 8/11/2016 0.255 0.245 -0.020 0.29 S/18/2016 0.255 0.245 -0.018 0.29 0.265 0.255 0.005 0.259 8/25/2016 9/1/2016 9/5/2016 0.248 0.252 0.258 0.255 -0.015 -0.015 0.245 0.249 0.263 0.253 0.003 0.257 9/15/2016 9/22/2016 0.278 0.265 0.272 -0.018 --0013 9/29/2016 0280 0.270 0.274 0.303 0.293 0.297 10/6/2016 10/13/2016 -0.013 -0.005 0.300 0.295 0.303 0.323 0.313 -0.025 0317 10/20/2016 10/27/2016 11/3/2016 0.320 0.310 -0.025 0.315 0.338 0.328 -0.025 0.333 0.345 0.335 -0.025 0.341 11/10/2016 12/8/2016 0.350 0.3-0 0.3446 -0.005 -0.005 1/5/2017 0338 0.328 0334 2/2/2017 0.428 0.418 0.003 0.426 3/2/2017 0.460 0.450 -0.010 0.458 3/30/2017 0485 0.475 -0.013 0.484 4/27/2017 0.523 0.513 -0.010 0.522 Refer to Table 5-5 Assume a face value of $10,000. a. Calculate the ask price of the T-bill maturing on September 1, 2016, as of May 16, 2016. b. Calculate the bid price of the T-bill maturing on November 10, 2016, as of May 16, 2016. (For all requirements, use 360 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) a. T-bill ask price b. T-bill bid price