Question: please provide with your steps I will give you a likeeeee 4. The following table shows a partial listing of T-bills from the Wall Street

please provide with your steps I will give you a likeeeee

4. The following table shows a partial listing of T-bills from the Wall Street Journal Outline. Rather than providing prices of each bill, the financial press reports yields using the bank discount method. The face value of T-bill is $10,000. Treasury Bills August 26, 2020 Maturity 10/8/2020 10/13/2020 Bid (%) 0.093 0.098 Asked (%) 0.083 0.088 10/22/2020 0.090 0.080 10/29/2020 0.095 0.085 Consider the bill maturing on October 29, 2020. a. What is the price at which the dealer is buying assuming days to maturity are 64 days? b. What is its bond equivalent yield? (10 marks)

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