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A what is the price of the bill use 360 days a year do not

A T-bill with face value $10,000 and 92 days to maturity is selling at a bank discount ask yield of 3.9%. a. What is the price of the bill? (Use 360 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.) Price of the bill =$ 9900.33 b. What is its bond equivalent yield? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)

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Accounting Basics: A what is the price of the bill use 360 days a year do not

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