The date is January 24, 2017. Xenia can buy T-bill A with a face value of $39,000 maturing on March 26, 2017 for $38,688.61 or she can pay $12,906.96 for T-bill B with a face value of $13,000 maturing on July 16, 2017. True or false: T-bill A has a lower discount rate than T-bill B. (Use the daycount convention ACT/360 for both.)

Dayo has $14766.80 and wants to buy a T-bill with a face value of $15000.00 that matures on December 24, 2014. The annual simple discount rate is 2.25% and the daycount convention is ACT / 360. What is the last day on which she can still buy the T-bill?

a. April 24, 2014

b. April 22, 2014

c. April 19, 2014

d. April 20, 2014

e. April 23, 2014