Question: Answer both parts concerning these two distinct Treasury bills. a. What is the price of a U.S. Treasury bill with 70 days to maturity quoted

 Answer both parts concerning these two distinct Treasury bills. a. What

Answer both parts concerning these two distinct Treasury bills. a. What is the price of a U.S. Treasury bill with 70 days to maturity quoted at a discount yield of 1.40 percent? Assume a $1 million face value. (Enter your answer in dollars, not in millions.) Treasury bill price 39 b. A U.S. Treasury bill with 77 days to maturity is quoted at a discount yield of 2,50 percent. Assume a $1 million face value. What is the bond equivalent yield? (Do not round Intermediate calculations. Enter your answers as a percent rounded to 3 decimal places.) Bond Equivalent Yield %

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