Use the following treasury bill quotation to answer Part (a)

Maturity	Bid Price	Ask Price	Days to Maturity
6/21/2018	1.490	1.480	141

(a) Suppose that Victoria is looking to purchase a $1,000 face-value t-bill with a maturity date of 6/21/2018. At the time of the purchase there will be 141 days until the t-bill matures. What is the price that Victoria must pay to purchase the t-bill?

Use the following bond price quotation for a U.S. Treasury bond to answer Parts (b) (c)

Maturity	Coupon	Bid Price	Ask Price
11/15/2046	2.875	102.625	102.656

(b) What is the amount of the semi-annual coupon payment you would receive if you were to purchase one of these bonds? Assume that the facevalue of each bond is $1000.

(c) How much would you receive if you soldone of these bonds? Assume that the facevalue of each bond is $1000.