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What is the purchase price of samuel treasury bill

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Questions-

Q1. Andy purchased a 10-year 20000, annual bond for 18200. If the current yield on the bond is 7.69%, how much would Andy receive in interest each year?

A. $1273

B. $1400

C. $1538

D. $1800

Q2. Samuel purchased a 120-day U.S. treasury bill that had a yield of 2.25% and a maturity value of $100000. What is the purchase price of Samuel's treasury bill?

A. $97750.00

B. $99000.00

C. $99256.00

D. $99266.00

Reference no: EM132982783

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