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1.The rate on a money market instrument, quoted on a discount basis, is 9 percent. The instrument has a face value of $100,000 and will

1.The rate on a money market instrument, quoted on a discount basis, is 9 percent. The instrument has a face value of $100,000 and will mature in 60 days. What is its price?

2.find the bond equivalent yield to treasury bill that has 80 days to maturity and an ask discount of 6%

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