ssume that 3-month Treasury bills totaling $13 billion were sold in $10,000 denominations at a discount rate...

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Finance

ssume that 3-monthTreasury bills totaling $13 billion were sold in $10,000denominations at a discount rate of 3.650%. In addition, theTreasury Department sold 6-month bills totaling $11 billion at adiscount rate of 3.595%.

a. What is the discount amount for 3-month bills?(Do not round intermediate calculations. Round your finalanswer to the nearest cent.)
Discount amount for3-month bills           $
b.What is the discount amount for 6-month bills? (Do notround intermediate calculations. Round your final answer to thenearest cent.)
Discount amount for6-month bills           $
c.What is the effective rate for 3-month bills? (Do not roundintermediate calculations. Round your final answer to the nearesthundredth percent.)
Effective rate for3-month bills           %
d.What is the effective rate for 6-month bills? (Do not roundintermediate calculations. Round your final answer to the nearesthundredth percent.)
Effective rate for6-month bills           %

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Normally Tbills are issued at a discount rate and redeemed at par value Discount Amount Par value of T bill discount rate Discounted Price of Tbills Par value Discount Amount Effective interest rate Discount AmountDiscounted See Answer

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ssume that 3-monthTreasury bills totaling $13 billion were sold in $10,000denominations at a discount rate of 3.650%. In addition, theTreasury Department sold 6-month bills totaling $11 billion at adiscount rate of 3.595%.a. What is the discount amount for 3-month bills?(Do not round intermediate calculations. Round your finalanswer to the nearest cent.)Discount amount for3-month bills $b.What is the discount amount for 6-month bills? (Do notround intermediate calculations. Round your final answer to thenearest cent.)Discount amount for6-month bills $c.What is the effective rate for 3-month bills? (Do not roundintermediate calculations. Round your final answer to the nearesthundredth percent.)Effective rate for3-month bills % d.What is the effective rate for 6-month bills? (Do not roundintermediate calculations. Round your final answer to the nearesthundredth percent.)Effective rate for6-month bills %