Question: On April 1 , $ 1 0 0 , 0 0 0 . 0 0 3 6 4 - day treasury bills were auctioned off

On April 1, $100,000.00364-day treasury bills were auctioned off to yield 1.58%.
(a) What is the price of each $100,000.00 T-bill on April 1?
(b) What is the yield rate on August 23 if the market price is $98,791.23?
(c) Calculate the market value of each $100,000.00 T-bill on October 9 if the rate of return on that date is 2.22%.
(d) What is the rate of return realized if a $100,000.00 T-bill purchased on April 1 is sold on November 16 at a market rate of 2.583%?
(a) The price is $.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
 On April 1, $100,000.00364-day treasury bills were auctioned off to yield

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