1. You spent $9,675 to buy a Treasury bill with a par of $10,000 and you sold it 180 days later for $9,875. What was the effective annual rate on this transaction?
2. If a $10,000 par T-Bill has a 2.75% discount quote and a 180 day maturity, what is the price of the T-Bill to the nearest dollar?
3. On August 8, 2011, Finance Yahoo! reported a 90-day T-Bill with a face value of $10,000 that was quoted at 3.25 bid, 3.05 ask. Given the above information, what were the sell and buy prices of this T-bill?
4. What are the financial instruments traded on the capital market?