Question: If a $ 1 0 , 0 0 0 par T - bill has a 3 . 7 5 percent discount quote and a 9

If a $10,000 par T-bill has a 3.75 percent discount quote and a 90-day maturity, what is the price of the T-bill to the nearest dollar?
Suppose a bank enters a repurchase agreement in which it agrees to buy Treasury securities from a correspondent bank at a price of $37,950,000, with the promise to buy them back at a price of $38,000,000.
a. Calculate the yield on the repo if it has a 5-day maturity.
b. Calculate the yield on the repo if it has a 14-day maturity.

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