Assume that 3-month Treasury bills totaling $18 billion were sold in $10,000 denominations at a discount...

Assume that 3-month Treasury bills totaling $18 billion were sold in $10,000 denominations at a discount rate of 4.600%. In addition, the Treasury Department sold 6-month bills totaling $16 billion at a discount rate of 4.545%. a. What is the discount amount for 3-month bills? (Do not round intermediate calculations. Round your final answer to the nearest cent.) b. What is the discount amount for 6-month bills? (Do not round intermediate calculations. Round your final answer to the nearest cent.) c. What is the effective rate for 3-month bills? (Do not round intermediate calculations. Round your final answer to the nearest hundredth percent.) d. What is the effective rate for 6-month bills? (Do not round intermediate calculations. Round your final answer to the nearest hundredth percent.) Next Visit question mapQuestion 24 of 35 Total24 of 35 Prev

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