a t-bill with face value $10,000 and 87 days to maturity is selling at a bank discount ask yield of 3.4%. required: 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.
