bid yield$=4\mathrm{.}565,$ask yield$=4\mathrm{.}555$ b$.$ calculate the bid and the ask price for this Treasury bill using the bank discount rate method. Note that the face value of Treasury bills is $$10,000.$ Also, for simplicity, assume there are $360$ days until the bond matures.c$.$ Continued from $($b$),$ what is the bid$-$ask spread on this Treasury Bill?

d$.$ Now, click on $$Treasury Notes and Bonds$.$ Note the bid and ask prices for Treasury notes and bonds are quoted differently than for Treasury bills$$instead of being quoted as yields, they are quoted as a percentage of face value. Also note that the face value of Treasury bonds is typically $$1,000.$

Look for the bond maturing on February $15,2025,$ with coupon rate of $2\%.$ Write down the bid and the ask price for this bond. Is the bond selling at a premium or a discount?

e$.$ Notice that the bond with coupon rate of $7\%$ is selling for a higher price. Briefly explain why this is the case in $1-2$ sentences.