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# A T-bill with face value $10,000 and 82 days to maturity is selling at a bank discount ask yield of

**A T-bill with face value $10,000 and 82 days to maturity is selling at a bank discount ask yield of**

2.9%.

Face Value $10,000.00

days to maturity 82 days

Asked yield 2.90%

**a. What is the price of the bill?**

**(Use 360 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)**

**b. What is its bond equivalent yield? **

**(Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)**