1. An investor, purchases a six-month (182-day) T-bill with a $10,000 par value for $9,500. If the Treasury bill is held to maturity, the annualized yield is ____ percent.
7.27
1.81
1.75
6.20
7.02
2. You purchase a six-month (182-day) T-bill with a $10,000 par value for $9,800. The Treasury bill discount is ____ percent.
3.96
4.09
6.20
3.56
none of the above