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Eliza buys a 180-day bank bill for $98,676 and sells it with 40 days remaining for $98,245

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1. Eliza buys a 180-day bank bill for $98,676 and sells it with 40 days remaining for $98,245. What has her annualized holding period return been? A. -1.1496 O B.-0.4496 OC.-2.1596 OD.-3.99%
   Jim buys a 120-day bill with a face value of $1,000 000 at a yield of 0.88% pa, when it is initially issued. What is his buying price? A. $997,838 B. $997,115 C. $998,802 D. $998,383

2. Sandy buys a 10-year commonwealth year bond with a face value of $100 and a coupon of 6% pa (paid semi-annually) at a yield of 4% pa, when it is initially issued. What is the buying price? A. $118.44 OB. $116.22 O C. $100 OD. $116.35