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1 . Calculate the bond equivalent yield for a 6 0 - day T - bill that is purchased at a 4 . 8 %

1 .

Calculate the bond equivalent yield for a

60 -

day T

-

bill that is purchased at a

4.8 %

ask" rate. If the T

-

bill has a face value of $

10, 000,

calculate its price.

(8

points

)

Please show work

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