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2. Calculate the settlement amount and effective yield of a treasury bill with the following details: Face value : Php 1,000,000.00 Settlement Date: May 9,

2. Calculate the settlement amount and effective yield of a treasury bill with the following details:
Face value : Php 1,000,000.00
Settlement Date: May 9, 2022
Maturity Date: June 28, 2022
Discount rate: 8.12%
Year Basis: 360 days
Days to maturity: 50 days

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