What is the implied futures YTM on a March three month T-bill futures contract trading at 94(IMM index)? Ms. Hunter is a money market manager. In July, she anticipates needing cash in September that she plans to obtain by selling ten $1M-face value T-bills she currently holds. At the time of the anticipated September sale, the T-bills will have a maturity of 91 days. Suppose there is a September T-bill futures contract trading at bank discount yield of RD = 6%. If Ms. Hunter is fearful that short-term interest rate could increase, how could she lock in the selling price on her T-bills? Show in a table Ms. Hunter's net revenue at the futures' expiration date from closing the futures position and selling her 10 T-bills at possible discount yields(BDY) of 5%, 6%, and 7%. Assume no quality, quantity, or timing risk