Question: Sample quotes on U.S. T-bills are shown below: MaturityDate BID ASKED ASKYLD Nov 11, 2021 2.65 2.60 ????? It is September 7, 2021. Assume the

Sample quotes on U.S. T-bills are shown below:

MaturityDate BID ASKED ASKYLD

Nov 11, 2021 2.65 2.60 ?????

It is September 7, 2021. Assume the face value of the T-bill is $100.

a. Find the bond equivalent (ask) yield. Provide all the necessary equations.

b. Find the exact ask yield for this T-bill. Show all the details.

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