This Test: 100 pts possible Historically. Treasury bills offered higher rates On January 2, 2007, the discount rates were substantially higher than in July 2016. For the following Treasury bill bought in 2007, find (a) the price of the Treasury bill (T-bill), and (b) the actual interest rate paid by the Treasury. Assume 365 days in a year Submit Test Three-month $27.000 T-bill with a simple annual discount rate of of 3.99% (a) The price of the T-bill was $ (Round to the nearest cent as needed.) (b) The actual interest rate paid by the Treasury is % (Type an integer or decimal rounded to four decimal places as needed.) Time Remaining: 01:34 03 Next