Sandra Waterman purchased a 52-week, $1,000 T-bill issued by the U.S. Treasury. The purchase price was $996.

Question:

Sandra Waterman purchased a 52-week, $1,000 T-bill issued by the U.S. Treasury. The purchase price was $996.
a. What is the amount of the discount?
b. What is the amount Ms. Waterman will receive when the T-bill matures?
c. What is the current yield for the 52-week T-bill?