You can purchase a T-bill that is 80 days from maturity for $13,965. The T-bill has a face value of $14,000.

a.	Calculate the T-bills quoted yield. (Use 360 days in a year. Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161))

T-bills quoted yield

%

b.	Calculate the T-bills bond equivalent yield. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161))

T-bills bond equivalent yield

%

c.	Calculate the T-bills EAR. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161))

T-bills EAR

%