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1. If you purchase a T-Bill at a 3.20 discount with 80 days left to maturity, what is the price you will pay for this

1. If you purchase a T-Bill at a 3.20 discount with 80 days left to maturity, what is the price you will pay for this security?

2. You just bought a Bankers Acceptance with 165 days left to maturity. If you paid 98.360, what is the annual discount rate?

3. What is the CD equivalent yield on the BA in problem #2?

4. What is the bond equivalent yield on the T-Bill in question #1?

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