Question: If you can show your work as well, it will help me a lot understanding where to start and what to do. Thank you for

If you can show your work as well, it will help me a lot understanding where to start and what to do. Thank you for your time!  If you can show your work as well, it will help

Bid Asked Time to Maturity (days) % % 60 88 116 172 1.6 1.61 1.62 1.64 1.51 1.52 1.53 1.55 Par = $1,000 1. What is the purchase price of the 60, 116, and 172-day bill that you face? 72 Price = $1,000 x{1 1 - TBD 360 2. What would be the effective annual rate of return on your investment if you held the bill until maturity? (for all three bills) 365 Discount 7=11+ - 1 Price 3. Which T-bill will you invest in? Assume you will hold it to maturity. 4. What would be EAR if you bought this bill today and sell it back to a dealer after 84 days, assuming that yields do not change over time (Bonus Question) Results should be presented using 4-decimal places for rates and 3-decimal places for prices. Bid Asked Time to Maturity (days) % % 60 88 116 172 1.6 1.61 1.62 1.64 1.51 1.52 1.53 1.55 Par = $1,000 1. What is the purchase price of the 60, 116, and 172-day bill that you face? 72 Price = $1,000 x{1 1 - TBD 360 2. What would be the effective annual rate of return on your investment if you held the bill until maturity? (for all three bills) 365 Discount 7=11+ - 1 Price 3. Which T-bill will you invest in? Assume you will hold it to maturity. 4. What would be EAR if you bought this bill today and sell it back to a dealer after 84 days, assuming that yields do not change over time (Bonus Question) Results should be presented using 4-decimal places for rates and 3-decimal places for prices

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