$13$

A T$-$bill with face value $$10,000$ and $80$ days to maturity is selling at a bank discount ask yield of $27\%.$

Required:

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

$8$ otstar

Note: Use $360$ days a year. Do not round intermediate calculations. Round your answer to $2$ decimal places.

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Price of the bill

b$.$ What is its bond equivalent yield?

Note: Use $365$ days a year. Do not round intermediate calculations. Round your answer to $2$ decimal places.

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Bond equivalent yield