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1.What are the (a) discount yield, (b) true yield, (c) bond equivalent yield, and (d) effective annual return on a $1 million Treasury bill that
1.What are the (a) discount yield, (b) true yield, (c) bond equivalent yield, and (d) effective annual return on a $1 million Treasury bill that currently sells at 95 percent of its face value and is 90 days from maturity? (d) Why is the discount yield less than the bond equivalent yield? (f) Why is the bond equivalent yield less than the effective annual return
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