Use the daycount convention ACT/365 a) Give the formula for the annual simple discount rate in terms of the annual simple interest rate. b) On July 27, 2017 Chandrika buys a T-bill maturing on December 11, 2017. The T-bill has a face value of $22,000.00 and is priced using the annual simple discount rate d = 8.325%. What price does she pay for the T-bill? c) Piotr pays the same price on the same day for a T-bill with the same face value, but this one matures on December 20, 2017. What annual simple interest rate will he earn on his purchase