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2) A T-bill has a face value of $100,000. It has a maturity of 120 days and can be purchased at a discount rate of

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2) A T-bill has a face value of $100,000. It has a maturity of 120 days and can be purchased at a discount rate of 2.35%. a) What's the discount in dollars? b) What's the purchase price? c) What is the T-bill's money market yield (MMY) d) What's the bond-equivalent yield (BEY)? e) Give two other examples of a money market instrument

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