The bond equivalent yield of a 91-day T-bill is 5%. What is the price of the bill

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The bond equivalent yield of a 91-day T-bill is 5%. What is the price of the bill for a $10,000 face value?

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Investments

ISBN: 9781259271939

9th Canadian Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus, Lorne Switzer, Maureen Stapleton, Dana Boyko, Christine Panasian

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Question Posted: Dec 16, 2022 02:26 AM

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The bond equivalent yield of a 91-day T-bill is 5%. What is the price of the bill

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