The par value of each T-bill is $10,000

b)based on the bank discount method, how much price the investor can sell the bill maturing on 14-July-2016 to the dealer?

price paid by investor to buy T bills maturing on December 8,2016 = $9979.83

MATURITY DAYS TO MAT BID Yield (%) ASKED Yield (%) CHG(%) 14-Jul-2016 54 0.162 0.142 0.002 01-Sep-2016 115 0.263 0.246 0.001 27-Oct-2016 171 0.372 0.357 0.001 08-Dec-2016 220 0.343 0.330 0.005 27-Apr-2017 353 0.612 0.568 0.003 (b) Based on the Bank Discount Method, how much price the investor can sell the bill maturing on 14-Jul- 2016 to the dealer? MATURITY DAYS TO MAT BID Yield (%) ASKED Yield (%) CHG(%) 14-Jul-2016 54 0.162 0.142 0.002 01-Sep-2016 115 0.263 0.246 0.001 27-Oct-2016 171 0.372 0.357 0.001 08-Dec-2016 220 0.343 0.330 0.005 27-Apr-2017 353 0.612 0.568 0.003 (b) Based on the Bank Discount Method, how much price the investor can sell the bill maturing on 14-Jul- 2016 to the dealer