Assume that 3-month Treasury bills totaling $23 billion were sold in $10,000 denominations at a discount rate of 5.200%. In addition, the Treasury Department sold 6-month bills totaling $21 billion at a discount rate of 5.145%.

What is the discount amount for 3-month bills?

Note: Do not round intermediate calculations. Round your final answer to the nearest cent.

What is the discount amount for 6-month bills?

Note: Do not round intermediate calculations. Round your final answer to the nearest cent.

What is the effective rate for 3-month bills?

Note: Do not round intermediate calculations. Round your final answer to the nearest hundredth percent.

What is the effective rate for 6-month bills?

Note: Do not round intermediate calculations. Round your final answer to the nearest hundredth percent.

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To calculate the discount amount for 3month bills Discount Face Value x Discount Rate x Time Where F... View the full answer