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1. Determine the price of a 91-day T-bill, issued by the Bank of Ghana (BoG), with a face value of GHS1,000 and a yield to
1. Determine the price of a 91-day T-bill, issued by the Bank of Ghana (BoG), with a face value of GHS1,000 and a yield to maturity of 15.5%. Calculate the percentage change in price when the yield to maturity rises to 20%.
2.Suppose a Treasury bill with 182 days maturity has a face value of GHS1,000. If the discount yield is 14.67%, what is the discount amount in cedis and the price of the Treasury bill?
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