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1. A 180-day T-bill is quoted at 5% for bid price and 6% for ask price. Suppose the face value of this T-bill is $10,000.

1. A 180-day T-bill is quoted at 5% for bid price and 6% for ask price. Suppose the face value of this T-bill is $10,000.

(a) What is the purchase price if you want to invest in this T-bill?

(b) What is this T-bills bond equivalent yield?

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