How much would you have to pay to buy one of treasury bills

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1. The "asked" discount on a 6-month Treasury bill was recently quoted as 3.02 percent. Approximately how much would you have to pay to buy one of these Treasury bills ($10,000 maturity value)?

2. How much would you have to pay for a U.S. government bond ($1,000 maturity value) scheduled to mature in November 2015 and quoted at 147:27 "asked"? The coupon rate on the bond is 9 7⁄8 percent.

Reference no: EM131338455

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