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1 . Assume a 6 0 - day T - bill, P = $ 9 , 7 0 0 , face value is $ 1

1. Assume a 60-day T-bill, P = $9,700, face value is $10,000,(a) Calculate the bond equivalent yield? (b)Calculate the yield on a bank discount basis? (c) Calculate the effective annual rate (yield)?

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