1. Suppose that you purchase a 182-day Treasury bill for S9,850 that is worth S10,000 when it matures. What is security's annualized investment rate if held to maturity.?
2. A) The annualized rate on a particular money market instrument is 3.75%. The face value is S200, 000 and it matures in 51 days. What is its price?
B) What would be the price if it had 71 days to maturity?