Which of the following are characteristics of Treasury bills $($T$-$bills$)?$ Check all that apply.

There is a secondary market for T$-$bills.

Institutional investors can purchase T$-$bills.

Individuals can purchase T$-$bills.

T$-$bills have maturities of $28,91,$ and $182$ days.

Suppose Mr$.$ Smith buys a $30-$day T$-$bill with a face value of $$1,000$ at a price of $$996.$ The discount rate yield $($DRY$)$ would be $,$ whereas the investment return yield $($IRY$)$ would be $.$