A Treasury bill purchased in December 2016 has 115 days until maturity and a bank discount...

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Finance

A Treasury bill purchased in December 2016 has 115 days untilmaturity and a bank discount yield of 2.43 percent. Assume a $100face value.
a. What is the price of the bill as apercentage of face value? (Do not round intermediatecalculations. Round your answer to 3 decimal places.)
b. What is the bond equivalent yield?(Do not round intermediate calculations. Enter your answeras a percent rounded to 3 decimal places.)

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A Treasury bill purchased in December 2016 has 115 days untilmaturity and a bank discount yield of 2.43 percent. Assume a $100face value.a. What is the price of the bill as apercentage of face value? (Do not round intermediatecalculations. Round your answer to 3 decimal places.)b. What is the bond equivalent yield?(Do not round intermediate calculations. Enter your answeras a percent rounded to 3 decimal places.)