Problem
a. Go to treasurydirect website. Under "Individuals," go to "Treasury Securities & Programs." Click on "Treasury bills." Under "at a glance," click on "rates in recent auctions." What is the investment rate for the most recently issued 26-week T-bills?
b. Go to the website of your favorite bank. What is the interest rate for six-month CDs?
c. Why are the rates for six-month CDs higher than for 26-week Treasury bills?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.