A T-bill with face value $10,000 and 96 days to maturity is selling at a bank discount ask yield of 4.3%.
What is the price of the bill?
(Use 360 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.) Price of the bill $
What is its bond equivalent yield?
(Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.) Bond equivalent yield %