Suppose you can purchase a $1 million Treasury bill that is currently selling on discount basis at 96 1/2 percent of its face value. The T-bill is 90 days from maturity (when the $1 million will be paid). What are BEY and EAR, respectively

When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars