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1. Assume an investor purchased a six-month T-bill with a $100,000 par value for $98,000 and sold it ninety days later for $99,000. What is
1. Assume an investor purchased a six-month T-bill with a $100,000 par value for $98,000 and sold it ninety days later for $99,000. What is the yield? 2. Newly issued three-month T-bills with a par value of $10,000 sold for $9,875. Compute the T-bill discount
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