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The following table that shows a partial listing of T-bills from the Wall Street Journal Outline. Rather than providing prices of each bill, the financial

The following table that shows a partial listing of T-bills from the Wall Street Journal Outline. Rather than providing prices of each bill, the financial press reports yields using the bank-discount method.

Treasury Bills

August 2, 2019

Maturity

Bid (%)

Asked (%)

10/3/2019

2.040

2.030

10/10/2019

2.033

2.023

10/17/2019

2.025

2.015

10/24/2019

2.015

2.005

Refer to the above table. Suppose the face value of each T-bill is $10,000. For the bill maturing on October 17, 2019, what is the price of the bill the dealer is buying at assuming days to maturity are 76 days? What is its bond equivalent yield?

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