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The following table shows the quotations of US Treasury bills on August 19,2022 . It reports their yields using the bank-discount method. The face value
The following table shows the quotations of US Treasury bills on August 19,2022 . It reports their yields using the bank-discount method. The face value of Treasury bill is $10,000. a. Consider the bill maturing on September 27. What is the price at which the dealer is willing to buy assuming days to maturity are 39 days? b. Calculate the bond equivalent yield if you purchase the bill maturing on September 22 assuming days to maturity are 34 days
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