Question: please explain #21 20. Consider the following quote for a U.S. Treasury bill (use for the next 3 questions): N Bid Ask Ask Yld 72

please explain #21

20. Consider the following quote for a U.S. Treasury bill (use for the next 3 questions): N Bid Ask Ask Yld 72 3.64 3.63 3.71 What is the price? a. 99.496000 99.274000 c. 97.480000 d. 95.254300 e. 87.225000 What is the yield computed on a bond-equivalent basis? a. b. 21. 3:69% 3.73% 3.76% 3.79% 39) (31S y . 341)/(560-7 2 63.79% S/

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