The bond$-$equivalent yield of a newly issued $1-$month T$-$bill with a face value of

$$1,000$ is $2\mathrm{.}8\%.$ What is its price?

$$997\mathrm{.}12$

$$997\mathrm{.}28$

$$997\mathrm{.}59$

$$997\mathrm{.}86$

An investor buys a $$1,000$ T$-$bill with $132$ days left until maturity at a bank discount

quote of $3\mathrm{.}5\%.$ The investor's bond equivalent yield on this investment is

find the price of the bill first$)$

$3\mathrm{.}59\%$

$3\mathrm{.}73\%$

$3\mathrm{.}86\%$

$3\mathrm{.}92\%$