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Jane purchased a 180-day T-bill with a face value of $75,000 on the date of...

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Finance

Jane purchased a 180-day T-bill with a face value of $75,000 on the date of issue when the market return was 3.5%. Jane then sold the T-bill 30 days later when the market rate was 3.0%.
a) What price did Jane pay for the T-bill? (2 marks)
b) What was the profit or loss that Jane realized from the sale of the T-bill 100 days later? (4 marks)

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